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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 2025-06-05 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1681288

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	652.95	663.70	664.90	651.00	0.372 times
04 Wed Jun 2025	658.50	653.65	663.45	647.55	0.632 times
03 Tue Jun 2025	651.15	667.50	674.50	647.20	0.68 times
02 Mon Jun 2025	666.80	670.00	674.00	664.15	0.494 times
30 Fri May 2025	676.20	723.10	723.65	663.25	1.987 times
29 Thu May 2025	721.65	724.00	737.30	719.05	1.079 times
28 Wed May 2025	719.05	686.00	727.90	681.00	2.982 times
27 Tue May 2025	684.05	687.20	689.90	674.00	0.536 times
26 Mon May 2025	686.85	683.75	692.00	676.10	0.407 times
23 Fri May 2025	680.60	686.00	690.00	677.70	0.471 times

My analysis of stock is bearish for shortterm, and stock might move down till 630.2 or till 591.5. Use a stoploss of 662.33 and if the stock hits stoploss, then it can shoot up till 694.51

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	527.00
Downside Target	542.00
Downside Target	587.10
Downside Target	610.00
Downside Target	636.95
Upside Target	664.50
Upside Target	674.50
Upside Target	703.75
Upside Target	737.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	641.93
Downside Intraday Target	630.92
Upside Intraday Target	669.23
Upside Intraday Target	685.52
Upside Intraday Target	658.22

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	652.95	670.00	674.50	647.20	0.312 times
30 Fri May 2025	676.20	683.75	737.30	663.25	0.941 times
23 Fri May 2025	680.60	646.80	703.75	640.50	2.579 times
16 Fri May 2025	646.75	610.00	658.85	610.00	1.4 times
09 Fri May 2025	591.90	625.00	636.95	587.10	0.974 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
05 Thu Jun 2025	652.95	670.00	674.50	647.20	0.11 times
30 Fri May 2025	676.20	608.50	737.30	587.10	1.09 times
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

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 neutral. A longer time frame might give a better analysis.

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 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 691.33 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.