NSEBSECOMMODITYNASDAQNYSEFOREXINDICESAMEXUSA NSE Futures NSE Options More...

Chennai Petroleum (CHENNPETRO) Technical (Analysis) Reports Chennai Petroleum ["Technical Analysis"] Reports -NSE Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Chennai Petroleum (CHENNPETRO)

Technical Analysis Report for NSE stock CHENNPETRO Chennai Petroleum. Dated: 24 Dec 2024 Updated Daily. Stock trades under Refineries in NSE stock exchange

If you are looking for Tomorrow's Movement Predictions for NSE stock CHENNPETRO Chennai Petroleum then click here. or read Experts views on Chennai Petroleum or Forecast & share price targets of Chennai Petroleum

Chennai Petroleum Opened at 598.40 and Closed at: 594.95, which is -1.08% of previous session's close. It moved within a range of 591.10 and 602.55
The session was a Bearish session with an average volume of 554402, which is -52.09% of previous session's volumes.

• The stock has fallen, and its mid term trend is also negative and in a downtrend.
• The stock has fallen, and its long term trend is also negative and in a downtrend.

A Dead cross was found 7 days back on short term averages

Support for tomorrow is 587.3 and resistance for tomorrow is 598.75
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 589.85, 584.75 resistance for tomorrow's hourly charts is 601.3, 607.65

10 Day SMA for Chennai Petroleum (CHENNPETRO) is 591.65 and stock is trading above these levels. This is a good sign for its short term trend

20 Day SMA for Chennai Petroleum (CHENNPETRO) is 607.67 and the stock is trading below these levels. This is not a good sign for its mid term trend

50 Day SMA for Chennai Petroleum (CHENNPETRO) is 658.48 and the stock is trading below these levels. This is not a good sign for its mid to long term trend

100 Day SMA is 797.25 and the stock is trading below these levels. This is not a good sign for its long term trend

200 Day SMA Chennai Petroleum is 876.16 and stock is trading below these levels. This is not a good sign for its long term trend

20 DMA of Chennai Petroleum is at 607.67 and 200 DMA is at 876.16, while 50 DMA and 100 DMA are at 658.48 and 797.25 respectively

Chennai Petroleum (CHENNPETRO) moving average of 20 SMA is at 607.67 and 20 EMA is at 605.17

Chennai Petroleum (CHENNPETRO) moving average of 50 SMA is at 658.48 and 50 EMA is at 665.98

Chennai Petroleum (CHENNPETRO) moving average of 100 SMA is at 797.25 and 100 EMA is at 748.37

Chennai Petroleum (CHENNPETRO) moving average of 200 SMA is at 876.16 and 200 EMA is at 781.78

Bharat Petroleum has performed better than Chennai Petroleum in short term. You could have earned much better returns by investing in Bharat Petroleum, about 5.63% more returns!

Goa Carbon has performed better than Chennai Petroleum in short term. You could have earned much better returns by investing in Goa Carbon, about 8.49% more returns!

Hindustan Petroleum has performed better than Chennai Petroleum in short term. You could have earned much better returns by investing in Hindustan Petroleum, about 13.91% more returns!

Mangalore Refinery has performed better than Chennai Petroleum in short term. You could have earned much better returns by investing in Mangalore Refinery, about 1.5% more returns!

Savita Oil has performed better than Chennai Petroleum in short term. You could have earned much better returns by investing in Savita Oil, about 14.4% more returns!

Chennai Petroleum Technical analysis of indicators

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.

ADX buy sell signal for Chennai Petroleum stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 597.76 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.

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NSE stock CHENNPETRO Chennai Petroleum These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And CHENNPETRO Experts View which covers a lot of information including buying and selling signals

CHENNPETRO future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Chennai Petroleum or View Candle Stick Charts here