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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)

10 day averaged volume of Chennai Petroleum is 3076135

Date Daily Closing Price Open High Low Volume
03 Fri May 2024 1017.00 1020.05 1033.00 1012.50 0.229 times
02 Thu May 2024 1014.50 1028.20 1035.70 1006.05 0.325 times
30 Tue Apr 2024 1022.85 1047.00 1055.75 1015.05 0.304 times
29 Mon Apr 2024 1040.60 1065.85 1066.90 1032.05 0.363 times
26 Fri Apr 2024 1051.65 1080.00 1122.50 1047.00 1.334 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1025.9 as stoploss in an intra day sell trade for a target of 967.06. However, stock will show a bullish move above 1025.9.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Target 693.05
Downside Target 743.05
Downside Target 810.00
Downside Target 862.20
Downside Target 885.30
Downside Target 908.00
Downside Target 944.00
Downside Target 1006.05
Upside Target 1035.70
Upside Target 1036.30
Upside Target 1066.90
Upside Target 1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Intraday Target 993.07
Downside Intraday Target 969.13
Upside Intraday Target 1053.92
Upside Intraday Target 1090.83
Upside Intraday Target 1029.98

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date Weekly Closing Price Open High Low Volume
03 Fri May 2024 1017.00 1065.85 1066.90 1006.05 0.146 times
26 Fri Apr 2024 1051.65 950.85 1122.50 915.10 4.343 times
19 Fri Apr 2024 942.35 899.00 965.00 862.20 2.461 times
12 Fri Apr 2024 895.80 942.10 953.60 885.30 0.544 times
05 Fri Apr 2024 941.40 910.00 967.65 908.25 1.308 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
03 Fri May 2024 1017.00 1028.20 1035.70 1006.05 0.042 times
30 Tue Apr 2024 1022.85 910.00 1122.50 862.20 2.284 times
28 Thu Mar 2024 906.80 895.00 944.00 743.05 0.556 times
29 Thu Feb 2024 884.05 856.00 1036.30 810.00 0.868 times

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 25, 15, 26 Buy
MACD 65, 59Buy
Stochastics 53None
CCI 14Buy
RSI 61Buy
OBV 15275109Sell
VWAP 1055Sell
ADL 0Sell
ROC 9Buy
Force Index 0Sell

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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Chennai Petroleum in short term and the buy signal is strong.

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. Bulls are getting tired and bears 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 1054.77 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.

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