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 for Chennai Petroleum Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Chennai Petroleum CHENNPETRO at this time. Stock is falling and might fall more.

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

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

My analysis of Chennai Petroleum is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 593.6 as stoploss in an intra day buy trade for a target of 610.6. However, stock will show a bearish move below 593.6.

CHENNPETRO Chennai Petroleum is falling or rising NEWS fundamental reasons

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended December 31, 2024 - NEWS as on 2025-01-07

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange about General Updates - NEWS as on 2024-12-18

Company Announcement - NEWS as on 2024-11-29

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange regarding Cessation of Mr C.K.Shivanna as Independent Director of the company w.e.f. November 16, 2024. - NEWS as on 2024-11-18

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange regarding Appointment of Ms R G N PRICE & CO, as Other of the company w.e.f. October 22, 2024. - NEWS as on 2024-10-23

More announcements and NEWS

CHENNPETRO Chennai Petroleum Corporation Limited current price & indicator signals

Moving Averages for Chennai Petroleum Corporation Limited

  • 5Day Average: 606.24
  • 12Day Average: 613.55
  • 20Day Average: 604.42
  • 50Day Average: 610.73
  • 100Day Average: 756.13
  • 150Day Average: 834.8
  • 200Day Average: 861.12

CHENNPETRO Indicators & signals

Indicator MACD (12,26,9)

610.22, 613.76, -5.71
Indicator MACD is in negative zone

Indicator ADX (14)

0.45, 24.59, 24.37
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
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
10 Fri Jan 2025 601.60 594.00 to 611.90 -1.72% 0.27 times
09 Thu Jan 2025 612.15 607.50 to 621.30 -0.53% 0.28 times
08 Wed Jan 2025 615.40 604.90 to 636.35 1.81% 1.36 times
07 Tue Jan 2025 604.45 597.55 to 615.60 1.15% 0.31 times
06 Mon Jan 2025 597.60 595.00 to 636.35 -5.66% 0.4 times
03 Fri Jan 2025 633.45 631.00 to 647.35 -0.13% 0.49 times
02 Thu Jan 2025 634.30 625.95 to 638.45 0.37% 0.41 times
01 Wed Jan 2025 631.95 624.00 to 639.60 0.98% 0.63 times
31 Tue Dec 2024 625.80 586.25 to 651.00 5.69% 5.74 times
30 Mon Dec 2024 592.10 588.10 to 604.45 -2.32% 0.18 times
27 Fri Dec 2024 606.15 603.10 to 614.85 -0.25% 0.19 times
26 Thu Dec 2024 607.65 593.20 to 612.00 2.13% 0.41 times

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