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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 2025-01-31 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 699790

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	541.45	521.60	543.00	520.05	0.902 times
30 Thu Jan 2025	524.50	525.95	538.40	523.00	0.604 times
29 Wed Jan 2025	525.65	522.05	533.00	522.05	0.647 times
28 Tue Jan 2025	523.65	530.05	535.20	508.40	1.061 times
27 Mon Jan 2025	529.90	551.15	552.40	527.00	0.918 times
24 Fri Jan 2025	556.90	581.05	586.95	552.00	1.28 times
23 Thu Jan 2025	576.15	580.00	580.70	571.80	0.516 times
22 Wed Jan 2025	581.95	586.95	588.50	567.00	0.695 times
21 Tue Jan 2025	584.80	598.00	603.40	580.55	0.821 times
20 Mon Jan 2025	597.85	590.95	608.95	577.25	2.131 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 544.2, but if it comes above 544.2, then a intra day buy could be more profitable.
If you take a sell trade below 544.2, then use 544.2 as stoploss and 509.1 as target. However if you take a buy trade in stock , then use 544.2 as stoploss and 573.39 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	508.40
Upside Target	552.00
Upside Target	586.25
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	515.77
Downside Intraday Target	490.08
Upside Intraday Target	559.77
Upside Intraday Target	578.08
Downside Intraday Target	534.08

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	541.45	551.15	552.40	508.40	0.759 times
24 Fri Jan 2025	556.90	590.95	608.95	552.00	0.856 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

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
31 Fri Jan 2025	541.45	625.80	647.35	508.40	0.561 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Chennai Petroleum in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 559.37 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.