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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 2025-03-07 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2315459

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	529.20	528.00	535.90	521.05	1.338 times
06 Thu Mar 2025	527.05	480.30	532.80	480.00	7.792 times
05 Wed Mar 2025	471.30	462.95	477.90	461.00	0.437 times
04 Tue Mar 2025	462.65	445.50	467.60	439.45	0.284 times
03 Mon Mar 2025	452.05	450.15	461.05	433.10	0.304 times
28 Fri Feb 2025	451.60	468.50	468.85	450.00	0.268 times
27 Thu Feb 2025	469.80	488.60	492.40	465.95	0.231 times
25 Tue Feb 2025	491.75	504.05	511.30	490.05	0.155 times
24 Mon Feb 2025	508.40	498.55	509.85	492.30	0.138 times
21 Fri Feb 2025	505.10	498.45	516.20	492.85	0.23 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 515.4, but if it comes below 515.4, then a intra day sell could be more profitable.
If you take a sell trade below 515.4, then use 515.4 as stoploss and 492.58 as target. However if you take a buy trade in stock , then use 515.4 as stoploss and 542.7 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	535.90
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	462.9
Downside Intraday Target	396.6
Upside Intraday Target	565.7
Upside Intraday Target	602.2
Downside Intraday Target	499.4

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	529.20	450.15	535.90	433.10	12.827 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
07 Fri Mar 2025	529.20	450.15	535.90	433.10	2.843 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 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 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 to mid 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and selling is picking up 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 517.29 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.