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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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 839.3 as stoploss in an intra day buy trade for a target of 880.79. However, stock will show a bearish move below 839.3.

CHENNPETRO Chennai Petroleum is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-03-12

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-03-05

Company Announcement Chennai Petroleum Corporation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2023-12-26

More announcements and NEWS

CHENNPETRO Chennai Petroleum Corporation Limited current price & indicator signals

Moving Averages for Chennai Petroleum Corporation Limited

  • 5Day Average: 842.58
  • 12Day Average: 877.12
  • 20Day Average: 897.83
  • 50Day Average: 873.99
  • 100Day Average: 758.67
  • 150Day Average: 663.09
  • 200Day Average: 597.38

CHENNPETRO Indicators & signals

Indicator MACD (12,26,9)

871.8, 880.56, 1.74
Indicator MACD is in negative zone

Indicator ADX (14)

18.79, 17.44, 25.51
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

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
18 Mon Mar 2024 846.50 827.55 to 885.00 -3.51% 0.71 times
15 Fri Mar 2024 877.30 812.85 to 885.90 3.08% 1.64 times
14 Thu Mar 2024 851.05 768.05 to 857.90 9.48% 1.1 times
13 Wed Mar 2024 777.35 743.05 to 860.00 -9.68% 1.27 times
12 Tue Mar 2024 860.70 853.20 to 891.45 -3.06% 0.91 times
11 Mon Mar 2024 887.90 882.90 to 905.50 -1.78% 0.57 times
07 Thu Mar 2024 903.95 892.60 to 922.00 0.27% 0.83 times
06 Wed Mar 2024 901.50 893.30 to 944.00 -2.21% 1.15 times
05 Tue Mar 2024 921.85 879.55 to 932.95 3.13% 1.97 times
04 Mon Mar 2024 893.90 890.65 to 913.90 -1.63% 0.51 times
02 Sat Mar 2024 908.70 895.45 to 916.70 1.56% 0.06 times
01 Fri Mar 2024 894.70 891.30 to 923.40 1.2% 0.73 times

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