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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.

10 day averaged volume of Chennai Petroleum is 556091

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	526.75	532.65	538.95	525.15	0.598 times
05 Wed Feb 2025	532.65	527.35	542.00	527.35	0.902 times
04 Tue Feb 2025	527.35	517.00	532.00	517.00	0.845 times
03 Mon Feb 2025	515.90	535.00	535.00	514.30	0.791 times
31 Fri Jan 2025	541.45	521.60	543.00	520.05	1.135 times
30 Thu Jan 2025	524.50	525.95	538.40	523.00	0.761 times
29 Wed Jan 2025	525.65	522.05	533.00	522.05	0.815 times
28 Tue Jan 2025	523.65	530.05	535.20	508.40	1.335 times
27 Mon Jan 2025	529.90	551.15	552.40	527.00	1.155 times
24 Fri Jan 2025	556.90	581.05	586.95	552.00	1.611 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 528.6, but if it comes above 528.6, then a intra day buy could be more profitable.
If you take a sell trade below 528.6, then use 528.6 as stoploss and 494.5 as target. However if you take a buy trade in stock , then use 528.6 as stoploss and 557.04 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	508.40
Upside Target	542.00
Upside Target	594.00
Upside Target	608.95
Upside Target	621.00
Upside Target	633.05
Upside Target	636.35
Upside Target	647.35
Upside Target	657.80
Upside Target	676.90
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	513.37
Downside Intraday Target	499.98
Upside Intraday Target	541.07
Upside Intraday Target	555.38
Upside Intraday Target	527.68

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	526.75	535.00	542.00	514.30	0.603 times
31 Fri Jan 2025	541.45	551.15	552.40	508.40	0.759 times
24 Fri Jan 2025	556.90	590.95	608.95	552.00	0.856 times
17 Fri Jan 2025	590.95	599.85	621.00	563.50	0.733 times
10 Fri Jan 2025	601.60	633.45	636.35	594.00	0.353 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
06 Thu Feb 2025	526.75	535.00	542.00	514.30	0.084 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
29 Fri Nov 2024	626.75	647.05	676.90	565.20	1.319 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Chennai Petroleum in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling is losing 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 532.72 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 negative.

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