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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 2025-03-18 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 5826961

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Mar 2025	559.90	560.00	566.50	555.90	0.201 times
17 Mon Mar 2025	561.85	570.15	574.15	555.45	0.242 times
13 Thu Mar 2025	570.15	553.90	577.50	543.05	0.931 times
12 Wed Mar 2025	552.80	552.30	559.70	544.00	0.626 times
11 Tue Mar 2025	551.50	503.50	564.00	500.05	3.936 times
10 Mon Mar 2025	513.05	527.00	531.25	509.00	0.23 times
07 Fri Mar 2025	529.20	528.00	535.90	521.05	0.532 times
06 Thu Mar 2025	527.05	480.30	532.80	480.00	3.096 times
05 Wed Mar 2025	471.30	462.95	477.90	461.00	0.174 times
04 Tue Mar 2025	462.65	445.50	467.60	439.45	0.113 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 543.8, but if it comes below 543.8, then a intra day sell could be more profitable.
If you take a sell trade below 543.8, then use 543.8 as stoploss and 506.85 as target. However if you take a buy trade in stock , then use 543.8 as stoploss and 588.1 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	500.05
Downside Target	535.90
Downside Target	555.45
Upside Target	565.20
Upside Target	574.15
Upside Target	577.50
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	552.18
Downside Intraday Target	544.47
Upside Intraday Target	570.88
Upside Intraday Target	581.87
Upside Intraday Target	563.17

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Mar 2025	559.90	570.15	574.15	555.45	0.077 times
13 Thu Mar 2025	570.15	527.00	577.50	500.05	1.418 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

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
18 Tue Mar 2025	559.90	450.15	577.50	433.10	7.187 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 and the buy signal is strong.

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 541.78 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.