Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-03-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 555452

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Mar 2025	527.05	480.30	532.80	480.00	32.481 times
05 Wed Mar 2025	471.30	462.95	477.90	461.00	1.822 times
04 Tue Mar 2025	462.65	445.50	467.60	439.45	1.185 times
03 Mon Mar 2025	452.05	450.15	461.05	433.10	1.268 times
28 Fri Feb 2025	451.60	468.50	468.85	450.00	1.116 times
27 Thu Feb 2025	469.80	488.60	492.40	465.95	0.963 times
25 Tue Feb 2025	491.75	504.05	511.30	490.05	0.647 times
24 Mon Feb 2025	508.40	498.55	509.85	492.30	0.574 times
21 Fri Feb 2025	505.10	498.45	516.20	492.85	0.958 times
20 Thu Feb 2025	499.85	493.80	503.65	487.80	0.672 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 515.1, but if it comes below 515.1, then a intra day sell could be more profitable.
If you take a sell trade below 515.1, then use 515.1 as stoploss and 492.46 as target. However if you take a buy trade in stock , then use 515.1 as stoploss and 542.2 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	467.85
Downside Target	508.40
Upside Target	532.80
Upside Target	542.00
Upside Target	562.55
Upside Target	565.20
Upside Target	647.35
Upside Target	657.80
Upside Target	676.90

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	462.5
Downside Intraday Target	397.95
Upside Intraday Target	562.2
Upside Intraday Target	597.35
Downside Intraday Target	497.65

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Mar 2025	527.05	450.15	532.80	433.10	11.137 times
28 Fri Feb 2025	451.60	498.55	511.30	450.00	0.782 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Mar 2025	527.05	450.15	532.80	433.10	2.469 times
28 Fri Feb 2025	451.60	535.00	542.00	450.00	0.398 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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 BUY. Signal strength is Weak and stock is losing 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 stronger in this stock.

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

CCI has generated a buy signal for Chennai Petroleum in short term and BUY 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

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 515.41 and Chennai Petroleum (CHENNPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.