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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 2025-03-11 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2668931

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	551.50	503.50	564.00	500.05	8.593 times
10 Mon Mar 2025	513.05	527.00	531.25	509.00	0.503 times
07 Fri Mar 2025	529.20	528.00	535.90	521.05	1.161 times
06 Thu Mar 2025	527.05	480.30	532.80	480.00	6.76 times
05 Wed Mar 2025	471.30	462.95	477.90	461.00	0.379 times
04 Tue Mar 2025	462.65	445.50	467.60	439.45	0.247 times
03 Mon Mar 2025	452.05	450.15	461.05	433.10	0.264 times
28 Fri Feb 2025	451.60	468.50	468.85	450.00	0.232 times
27 Thu Feb 2025	469.80	488.60	492.40	465.95	0.201 times
25 Tue Feb 2025	491.75	504.05	511.30	490.05	0.135 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 549.3, for a target of 519 or 493.81

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	467.85
Downside Target	500.05
Downside Target	535.90
Upside Target	562.55
Upside Target	564.00
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	513.03
Downside Intraday Target	474.57
Upside Intraday Target	576.98
Upside Intraday Target	602.47
Downside Intraday Target	538.52

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	551.50	527.00	564.00	500.05	1.032 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 up 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
11 Tue Mar 2025	551.50	450.15	564.00	433.10	5.779 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 Strong 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 tired and bears are picking up momentum.

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 BUY signal in short term and the buying is gaining 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 533.27 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.