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(CHENNPETRO) Chennai Petroleum complete technical analysis [charts+indicators] | Buy/Sell Chennai Petroleum | (CHENNPETRO) share price targets

Complete technical analysis of Chennai Petroleum (CHENNPETRO) by charts plus indicators, forecast predictions and share price targets for Chennai Petroleum (CHENNPETRO)

Chennai Petroleum trades in NSE in Refineries sector.

Showing technical analysis as on 2025-01-23 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 827833

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	576.15	580.00	580.70	571.80	0.436 times
22 Wed Jan 2025	581.95	586.95	588.50	567.00	0.587 times
21 Tue Jan 2025	584.80	598.00	603.40	580.55	0.694 times
20 Mon Jan 2025	597.85	590.95	608.95	577.25	1.801 times
17 Fri Jan 2025	590.95	579.00	596.35	573.35	1.121 times
16 Thu Jan 2025	578.40	574.95	584.90	574.95	0.553 times
15 Wed Jan 2025	574.50	577.90	591.85	571.00	0.85 times
14 Tue Jan 2025	575.10	574.00	582.45	563.50	1.1 times
13 Mon Jan 2025	574.75	599.85	621.00	572.45	1.75 times
10 Fri Jan 2025	601.60	608.00	611.90	594.00	0.764 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 579.4, but if it comes above 579.4, then a intra day buy could be more profitable.
If you take a sell trade below 579.4, then use 579.4 as stoploss and 555.3 as target. However if you take a buy trade in stock , then use 579.4 as stoploss and 599.47 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Upside Target	584.65
Upside Target	608.95
Upside Target	636.35
Upside Target	647.35
Upside Target	651.00
Upside Target	657.80
Upside Target	676.90
Upside Target	853.35
Upside Target	993.75
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	559.12
Downside Intraday Target	542.08
Upside Intraday Target	601.07
Upside Intraday Target	625.98
Upside Intraday Target	584.03

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	576.15	590.95	608.95	567.00	0.655 times
17 Fri Jan 2025	590.95	599.85	621.00	563.50	0.733 times
10 Fri Jan 2025	601.60	633.45	636.35	594.00	0.353 times
03 Fri Jan 2025	633.45	604.00	651.00	586.25	6.156 times
27 Fri Dec 2024	606.15	594.50	614.85	584.65	0.293 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	576.15	625.80	647.35	563.50	0.459 times
31 Tue Dec 2024	625.80	625.00	657.80	562.55	0.999 times
29 Fri Nov 2024	626.75	647.05	676.90	565.20	1.319 times
31 Thu Oct 2024	639.70	936.90	999.00	633.05	2.208 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Chennai Petroleum (CHENNPETRO)

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Chennai Petroleum stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Chennai Petroleum in short term but the buy signal is initial and weak.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Chennai Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 584.51 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Chennai Petroleum (CHENNPETRO) stock. Volume based technical analysis of Chennai Petroleum (CHENNPETRO) stock is negative.

Chennai Petroleum Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.