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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 2025-04-30 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1499890

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	612.30	620.00	624.90	603.00	0.59 times
29 Tue Apr 2025	619.55	624.00	630.00	617.45	0.457 times
28 Mon Apr 2025	620.95	629.85	631.00	614.00	0.819 times
25 Fri Apr 2025	631.00	628.95	664.10	611.80	3.499 times
24 Thu Apr 2025	627.15	629.30	634.90	625.00	0.352 times
23 Wed Apr 2025	628.40	640.00	643.35	620.85	0.61 times
22 Tue Apr 2025	633.80	638.00	642.40	630.40	0.538 times
21 Mon Apr 2025	635.35	627.45	642.30	624.75	0.798 times
17 Thu Apr 2025	621.75	630.00	634.00	620.00	0.641 times
16 Wed Apr 2025	631.00	620.00	647.40	614.10	1.68 times

My analysis of stock is bearish for shortterm, and stock might move down till 606.5 or till 593.2. Use a stoploss of 617.54 and if the stock hits stoploss, then it can shoot up till 628.61

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	508.40
Downside Target	527.00
Downside Target	542.00
Downside Target	562.55
Downside Target	586.60
Downside Target	603.00
Upside Target	647.35
Upside Target	647.40
Upside Target	657.80
Upside Target	664.10
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	599.87
Downside Intraday Target	587.43
Upside Intraday Target	627.87
Upside Intraday Target	643.43
Upside Intraday Target	615.43

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	612.30	629.85	631.00	603.00	0.322 times
25 Fri Apr 2025	631.00	627.45	664.10	611.80	1.982 times
17 Thu Apr 2025	621.75	620.90	647.40	614.10	0.524 times
11 Fri Apr 2025	616.20	527.00	628.40	527.00	1.329 times
04 Fri Apr 2025	608.80	615.00	625.40	586.60	0.28 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
30 Wed Apr 2025	612.30	615.00	664.10	527.00	0.319 times
28 Fri Mar 2025	615.10	450.15	664.50	433.10	11.592 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!

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 628.16 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.