Munafa Chennai Petroleum Corporation Limited (CHENNPETRO) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Chennai Petroleum Corporation Limited (CHENNPETRO) Indicator analysis

Chennai Petroleum Corporation Limited stock tips (delivery Volume analysis)

Total 5 day volume for Chennai Petroleum Corporation Limited is 24307943, out of which 3139490 went into delivery, which is 12.92 percent of total volumes

Volumes in the last session was 2612734, out of which 422543 went into delivery, which is 16.17 percent of total volumes.

Deliveries are extremely low, which means that most trades are getting squared off within the intra day itself. It will not be safe to invest or hold the stock for long. However, intra day trend might continue.

Chennai Petroleum CHENNPETRO intraday stock tips

23 Monday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

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

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 1024.1 as stoploss in an intra day sell trade for a target of 972.24. However, stock will show a bullish move above 1024.1.

20 Friday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

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

Although my analysis for Chennai Petroleum is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1087.7, for a target of 1022.9 or 968.84

19 Thursday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock 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.

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

My analysis of Chennai Petroleum is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Chennai Petroleum stays above 1008.8, but if it comes below 1008.8, then a intra day sell could be more profitable.
If you take a sell trade below 1008.8, then use 1008.8 as stoploss and 958.75 as target. However if you take a buy trade in Chennai Petroleum, then use 1008.8 as stoploss and 1068.9 as target.

18 Wednesday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock 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.

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

My analysis of Chennai Petroleum is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Chennai Petroleum stays above 1000.6, but if it comes below 1000.6, then a intra day sell could be more profitable.
If you take a sell trade below 1000.6, then use 1000.6 as stoploss and 952.27 as target. However if you take a buy trade in Chennai Petroleum, then use 1000.6 as stoploss and 1058.5 as target.

17 Tuesday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock 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.

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

Although my analysis for Chennai Petroleum is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1049.7, for a target of 992.9 or 945.65

16 Monday March Stock tips for Chennai Petroleum (CHENNPETRO) Stock 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.

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

My analysis of Chennai Petroleum is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Chennai Petroleum stays above 971.9, but if it comes below 971.9, then a intra day sell could be more profitable.
If you take a sell trade below 971.9, then use 971.9 as stoploss and 933.09 as target. However if you take a buy trade in Chennai Petroleum, then use 971.9 as stoploss and 1018.4 as target.

13 Friday March Stock tips for Chennai Petroleum Stock 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.

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

My analysis of Chennai Petroleum is bearish for shortterm, and stock might move down till 889.3 or till 843.7. Use a stoploss of 927.26 and if the stock hits stoploss, then it can shoot up till 965.24

Chennai Petroleum CHENNPETRO tips for tomorrow

Munafa value: 50

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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