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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 821894

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 986.95 985.00 1009.00 981.35 1.444 times
13 Thu Jun 2024 979.85 984.15 994.90 975.00 0.736 times
12 Wed Jun 2024 978.20 970.20 998.00 968.60 0.771 times
11 Tue Jun 2024 969.05 960.00 990.95 948.65 1.051 times
10 Mon Jun 2024 955.40 958.50 980.00 952.00 0.457 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 975.7, but if it comes below 975.7, then a intra day sell could be more profitable.
If you take a sell trade below 975.7, then use 975.7 as stoploss and 940.6 as target. However if you take a buy trade in stock , then use 975.7 as stoploss and 1017.8 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Target 743.05
Downside Target 794.30
Downside Target 828.50
Downside Target 862.20
Downside Target 879.50
Downside Target 902.00
Downside Target 924.40
Downside Target 944.00
Downside Target 979.95
Upside Target 1009.00
Upside Target 1035.70
Upside Target 1036.30
Upside Target 1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Intraday Target 954.07
Downside Intraday Target 921.18
Upside Intraday Target 1014.42
Upside Intraday Target 1041.88
Downside Intraday Target 981.53

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 986.95 958.50 1009.00 948.65 0.805 times
07 Fri Jun 2024 953.70 948.00 979.95 794.30 1.286 times
31 Fri May 2024 917.65 979.00 984.00 902.00 0.622 times
24 Fri May 2024 974.20 884.00 998.00 879.50 1.152 times
17 Fri May 2024 876.35 856.30 924.40 828.50 0.518 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
14 Fri Jun 2024 986.95 948.00 1009.00 794.30 0.323 times
31 Fri May 2024 917.65 1028.20 1035.70 828.50 0.629 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 22, 13 Buy
MACD 22, 13Buy
Stochastics 90Buy
CCI 93Buy
RSI 44Sell
OBV 4958793Sell
VWAP 945Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Chennai Petroleum in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 944.68 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 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 negative.

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

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