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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 2025-02-25 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 446709

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Feb 2025	491.75	504.05	511.30	490.05	0.804 times
24 Mon Feb 2025	508.40	498.55	509.85	492.30	0.713 times
21 Fri Feb 2025	505.10	498.45	516.20	492.85	1.191 times
20 Thu Feb 2025	499.85	493.80	503.65	487.80	0.836 times
19 Wed Feb 2025	496.25	475.00	499.90	470.25	0.988 times
18 Tue Feb 2025	478.60	480.00	485.85	470.20	0.953 times
17 Mon Feb 2025	484.05	479.30	485.65	467.85	1.283 times
14 Fri Feb 2025	479.35	500.00	503.95	476.50	0.967 times
13 Thu Feb 2025	501.75	496.60	512.15	496.60	0.616 times
12 Wed Feb 2025	501.25	497.00	505.40	478.25	1.493 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 491.5 as stoploss in an intra day buy trade for a target of 509.11. However, stock will show a bearish move below 491.5.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	467.85
Downside Target	490.05
Upside Target	508.40
Upside Target	542.00
Upside Target	552.40
Upside Target	562.55
Upside Target	565.20
Upside Target	633.05
Upside Target	647.35
Upside Target	657.80
Upside Target	676.90
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	484.1
Downside Intraday Target	476.45
Upside Intraday Target	505.35
Upside Intraday Target	518.95
Upside Intraday Target	497.7

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Feb 2025	491.75	498.55	511.30	490.05	0.289 times
21 Fri Feb 2025	505.10	479.30	516.20	467.85	1.119 times
14 Fri Feb 2025	479.35	520.00	523.60	476.50	1.05 times
07 Fri Feb 2025	522.85	535.00	542.00	514.30	0.69 times
31 Fri Jan 2025	541.45	551.15	552.40	508.40	0.759 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
25 Tue Feb 2025	491.75	535.00	542.00	467.85	0.343 times
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

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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.

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

Chennai Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 494.28 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.