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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 487654

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 98.00 98.00 99.00 96.90 0.683 times
15 Thu Apr 2021 96.65 95.70 98.90 95.70 0.577 times
13 Tue Apr 2021 95.75 93.00 96.75 93.00 0.658 times
12 Mon Apr 2021 93.55 100.00 100.05 93.05 1.361 times
09 Fri Apr 2021 101.30 102.80 102.80 101.10 0.463 times
08 Thu Apr 2021 102.80 100.55 103.95 100.20 1.299 times
07 Wed Apr 2021 100.20 98.50 102.50 97.90 1.055 times
06 Tue Apr 2021 98.20 98.95 100.00 97.60 0.931 times
05 Mon Apr 2021 98.55 102.80 102.80 97.55 0.926 times
01 Thu Apr 2021 103.05 100.90 103.50 99.40 0.913 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 96 as stoploss in an intra day buy trade for a target of 100.31. However, stock will show a bearish move below 96.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Target 85.00
Downside Target 89.55
Downside Target 93.00
Upside Target 102.90
Upside Target 103.50
Upside Target 103.95
Upside Target 106.50
Upside Target 114.40
Upside Target 115.50
Upside Target 123.20
Upside Target 132.65

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Intraday Target 93.98
Downside Intraday Target 89.97
Upside Intraday Target 101.03
Upside Intraday Target 104.07
Downside Intraday Target 97.02

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 98.00 100.00 100.05 93.00 0.702 times
09 Fri Apr 2021 101.30 102.80 103.95 97.55 1.31 times
01 Thu Apr 2021 103.05 96.90 103.50 95.70 0.672 times
26 Fri Mar 2021 95.45 105.50 106.50 94.60 0.473 times
19 Fri Mar 2021 105.30 112.80 114.40 98.60 0.549 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
16 Fri Apr 2021 98.00 100.90 103.95 93.00 0.152 times
31 Wed Mar 2021 100.15 100.85 123.20 94.60 1.395 times
25 Thu Feb 2021 99.65 92.90 102.90 90.00 0.586 times
29 Fri Jan 2021 90.75 106.05 132.65 89.55 0.798 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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 26, 17 Sell
MACD -3, -3Sell
Stochastics 35None
CCI -33Buy
RSI 42Sell
OBV 2824277Sell
VWAP 99Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a mid to longer term time period is

ADX buy sell signal for Chennai Petroleum stock for short term is SELL. Signal strength is Weak and stock is losing 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 98.8 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.

Click here for Chennai Petroleum charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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