CHENNPETRO NEWS why is Chennai Petroleum Corporation Limited price falling or rising

CHENNPETRO NEWS reasons for why stock price of Chennai Petroleum Corporation Limited is falling or rising

CHENNPETRO Chennai Petroleum is falling or rising technical reasons

Technical analysis forecast of Chennai Petroleum Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Chennai Petroleum CHENNPETRO at this time. Stock is rising and might rise more.

It appears as if Chennai Petroleum CHENNPETRO gave a large move recently.

Stock of Chennai Petroleum (CHENNPETRO) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Chennai Petroleum is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 913.9 as stoploss in an intra day sell trade for a target of 882.14. However, stock will show a bullish move above 913.9.

CHENNPETRO Chennai Petroleum is falling or rising NEWS fundamental reasons

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange regarding Resignation of Mr K SURENDRAN as Independent Director of the company w.e.f. March 25, 2024. - NEWS as on 2024-03-26

Company Announcement - NEWS as on 2024-03-22

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-03-22

More announcements and NEWS

CHENNPETRO Chennai Petroleum Corporation Limited current price & indicator signals

Moving Averages for Chennai Petroleum Corporation Limited

  • 5Day Average: 888.36
  • 12Day Average: 864.22
  • 20Day Average: 878.36
  • 50Day Average: 886.3
  • 100Day Average: 780.5
  • 150Day Average: 687.11
  • 200Day Average: 615.21

CHENNPETRO Indicators & signals

Indicator MACD (12,26,9)

881.58, 881.4, -3.38
Indicator MACD is in positive zone

Indicator ADX (14)

7.26, 19.71, 17.04
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CHENNPETRO Chennai Petroleum Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 906.80 900.00 to 926.85 -0.77% 0.6 times
27 Wed Mar 2024 913.80 884.50 to 929.70 4.07% 1.69 times
26 Tue Mar 2024 878.10 860.00 to 894.80 0.05% 0.81 times
22 Fri Mar 2024 877.70 856.50 to 889.45 1.42% 0.7 times
21 Thu Mar 2024 865.40 857.70 to 884.70 2.09% 0.64 times
20 Wed Mar 2024 847.70 842.00 to 871.15 -2.36% 0.62 times
19 Tue Mar 2024 868.20 825.50 to 888.80 2.56% 1.56 times
18 Mon Mar 2024 846.50 827.55 to 885.00 -3.51% 0.6 times
15 Fri Mar 2024 877.30 812.85 to 885.90 3.08% 1.39 times
14 Thu Mar 2024 851.05 768.05 to 857.90 9.48% 0.93 times
13 Wed Mar 2024 777.35 743.05 to 860.00 -9.68% 1.07 times
12 Tue Mar 2024 860.70 853.20 to 891.45 -3.06% 0.77 times

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