Stock analysis Chennai Petroleum Corporation Limited CHENNPETRO
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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 |
| 08 Thu May 2025 | 605.35 | 600.00 to 630.60 | -1.59% | 0.49 times |
| 07 Wed May 2025 | 615.15 | 599.40 to 618.80 | 1.18% | 0.47 times |
| 06 Tue May 2025 | 607.95 | 605.95 to 627.50 | -2.81% | 0.54 times |
| 05 Mon May 2025 | 625.55 | 622.25 to 636.95 | 1.27% | 0.8 times |
| 02 Fri May 2025 | 617.70 | 604.40 to 621.80 | 0.88% | 0.6 times |
| 30 Wed Apr 2025 | 612.30 | 603.00 to 624.90 | -1.17% | 0.71 times |
| 29 Tue Apr 2025 | 619.55 | 617.45 to 630.00 | -0.23% | 0.55 times |
| 28 Mon Apr 2025 | 620.95 | 614.00 to 631.00 | -1.59% | 0.98 times |
| 25 Fri Apr 2025 | 631.00 | 611.80 to 664.10 | 0.61% | 4.2 times |
| 24 Thu Apr 2025 | 627.15 | 625.00 to 634.90 | -0.2% | 0.42 times |
| 23 Wed Apr 2025 | 628.40 | 620.85 to 643.35 | -0.85% | 0.73 times |
| 22 Tue Apr 2025 | 633.80 | 630.40 to 642.40 | -0.24% | 0.65 times |
Technical analysis forecast for Chennai Petroleum Corporation Limited 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 Corporation Limited CHENNPETRO at this time. Stock is falling and might fall more.
It appears as if Chennai Petroleum Corporation Limited CHENNPETRO gave a large move recently.
Stock of Chennai Petroleum Corporation Limited (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 Corporation Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 603.3 as stoploss in an intra day buy trade for a target of 613.77. However, stock will show a bearish move below 603.3.