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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 2025-03-10 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2587940

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Mar 2025	513.05	527.00	531.25	509.00	0.519 times
07 Fri Mar 2025	529.20	528.00	535.90	521.05	1.197 times
06 Thu Mar 2025	527.05	480.30	532.80	480.00	6.971 times
05 Wed Mar 2025	471.30	462.95	477.90	461.00	0.391 times
04 Tue Mar 2025	462.65	445.50	467.60	439.45	0.254 times
03 Mon Mar 2025	452.05	450.15	461.05	433.10	0.272 times
28 Fri Feb 2025	451.60	468.50	468.85	450.00	0.24 times
27 Thu Feb 2025	469.80	488.60	492.40	465.95	0.207 times
25 Tue Feb 2025	491.75	504.05	511.30	490.05	0.139 times
24 Mon Feb 2025	508.40	498.55	509.85	492.30	0.123 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 514.3 as stoploss in an intra day sell trade for a target of 492.09. However, stock will show a bullish move above 514.3.

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	504.28
Downside Intraday Target	495.52
Upside Intraday Target	526.53
Upside Intraday Target	540.02
Upside Intraday Target	517.77

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Mar 2025	513.05	527.00	531.25	509.00	0.057 times
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

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
10 Mon Mar 2025	513.05	450.15	535.90	433.10	3.005 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 to mid 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 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 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 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 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 517.32 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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.