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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 765432

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue May 2025	621.15	618.75	625.00	611.40	0.559 times
12 Mon May 2025	618.75	610.00	621.80	610.00	0.845 times
09 Fri May 2025	591.90	590.00	600.00	587.10	0.764 times
08 Thu May 2025	605.35	617.00	630.60	600.00	0.801 times
07 Wed May 2025	615.15	602.45	618.80	599.40	0.761 times
06 Tue May 2025	607.95	625.00	627.50	605.95	0.884 times
05 Mon May 2025	625.55	625.00	636.95	622.25	1.308 times
02 Fri May 2025	617.70	608.50	621.80	604.40	0.98 times
30 Wed Apr 2025	612.30	620.00	624.90	603.00	1.157 times
29 Tue Apr 2025	619.55	624.00	630.00	617.45	0.896 times

My analysis of stock is bullish for shortterm, and stock might move up till 630.2 or till 642.5. Use a stoploss of 620.02 and if this stock hits its stoploss, then it can fall down till 609.82

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	587.10
Downside Target	603.00
Upside Target	636.95
Upside Target	647.35
Upside Target	647.40
Upside Target	664.10
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	612.43
Downside Intraday Target	603.72
Upside Intraday Target	627.43
Upside Intraday Target	633.72
Downside Intraday Target	618.72

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue May 2025	621.15	610.00	625.00	610.00	0.311 times
09 Fri May 2025	591.90	625.00	636.95	587.10	0.974 times
02 Fri May 2025	617.70	629.85	631.00	603.00	0.408 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

Price has moved up 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
13 Tue May 2025	621.15	608.50	636.95	587.10	0.173 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
28 Fri Feb 2025	451.60	535.00	542.00	450.00	0.398 times

Scroll below to view daily charts

Price has moved up 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 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 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 gaining momentum.

MACD generated a SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chennai Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 614.16 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 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 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.