(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)
Intraday share price targets for Chennai Petroleum (CHENNPETRO)
|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|
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.