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 2025-03-25 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 5396267

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Mar 2025	614.25	641.50	643.85	608.45	0.324 times
24 Mon Mar 2025	637.55	640.00	657.15	633.15	0.752 times
21 Fri Mar 2025	632.95	575.45	643.70	570.45	2.071 times
20 Thu Mar 2025	575.50	578.35	585.90	567.50	0.175 times
19 Wed Mar 2025	573.35	561.95	583.00	561.95	0.344 times
18 Tue Mar 2025	559.90	560.00	566.50	555.90	0.217 times
17 Mon Mar 2025	561.85	570.15	574.15	555.45	0.261 times
13 Thu Mar 2025	570.15	553.90	577.50	543.05	1.005 times
12 Wed Mar 2025	552.80	552.30	559.70	544.00	0.676 times
11 Tue Mar 2025	551.50	503.50	564.00	500.05	4.25 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 591.5, but if it comes below 591.5, then a intra day sell could be more profitable.
If you take a sell trade below 591.5, then use 591.5 as stoploss and 535.33 as target. However if you take a buy trade in stock , then use 591.5 as stoploss and 659 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	500.05
Downside Target	535.90
Downside Target	555.45
Downside Target	577.50
Downside Target	608.45
Upside Target	643.70
Upside Target	647.35
Upside Target	657.15
Upside Target	657.80
Upside Target	676.90

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	596.08
Downside Intraday Target	577.92
Upside Intraday Target	644.78
Upside Intraday Target	675.32
Upside Intraday Target	626.62

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Mar 2025	614.25	640.00	657.15	608.45	0.351 times
21 Fri Mar 2025	632.95	570.15	643.70	555.45	0.496 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

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
25 Tue Mar 2025	614.25	450.15	657.15	433.10	9.579 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Chennai Petroleum stock for short term is BUY. Signal strength is Strong and stock is losing 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 but buying is losing 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 580.25 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.