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Stock analysis Chennai Petroleum Corporation Limited CHENNPETRO

More indepth analysis on MunafaSutra.com

Moving Averages for Chennai Petroleum Corporation Limited

  • 5Day Average: 580.71
  • 12Day Average: 551.55
  • 20Day Average: 522.99
  • 50Day Average: 533.16
  • 100Day Average: 572.39
  • 150Day Average: 684.42
  • 200Day Average: 761.28

CHENNPETRO Indicators & signals

Indicator MACD (12,26,9)

558, 538.23, 6.24
Indicator MACD is in positive zone

Indicator ADX (14)

52.61, 40.15, 12.47
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
21 Fri Mar 2025 632.95 570.45 to 643.70 9.98% 1.87 times
20 Thu Mar 2025 575.50 567.50 to 585.90 0.37% 0.16 times
19 Wed Mar 2025 573.35 561.95 to 583.00 2.4% 0.31 times
18 Tue Mar 2025 559.90 555.90 to 566.50 -0.35% 0.2 times
17 Mon Mar 2025 561.85 555.45 to 574.15 -1.46% 0.24 times
13 Thu Mar 2025 570.15 543.05 to 577.50 3.14% 0.91 times
12 Wed Mar 2025 552.80 544.00 to 559.70 0.24% 0.61 times
11 Tue Mar 2025 551.50 500.05 to 564.00 7.49% 3.83 times
10 Mon Mar 2025 513.05 509.00 to 531.25 -3.05% 0.22 times
07 Fri Mar 2025 529.20 521.05 to 535.90 0.41% 0.52 times
06 Thu Mar 2025 527.05 480.00 to 532.80 11.83% 3.01 times
05 Wed Mar 2025 471.30 461.00 to 477.90 1.87% 0.17 times

Technical analysis forecast of Chennai Petroleum Corporation Limited 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 Corporation Limited CHENNPETRO at this time. Stock is rising and might rise more.

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

Stock of Chennai Petroleum Corporation Limited (CHENNPETRO) 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!

Although my analysis for Chennai Petroleum Corporation Limited 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 647.6, for a target of 590.3 or 542.49

More indepth analysis on MunafaSutra.com