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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: 698.44
  • 12Day Average: 675.77
  • 20Day Average: 650.64
  • 50Day Average: 626.91
  • 100Day Average: 582.27
  • 150Day Average: 597.44
  • 200Day Average: 682.14

CHENNPETRO Indicators & signals

Indicator MACD (12,26,9)

679.8, 653.8, 19.38
Indicator MACD is in positive zone

Indicator ADX (14)

64.31, 36.41, 7.91
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
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
29 Thu May 2025 721.65 719.05 to 737.30 0.36% 0.81 times
28 Wed May 2025 719.05 681.00 to 727.90 5.12% 2.24 times
27 Tue May 2025 684.05 674.00 to 689.90 -0.41% 0.4 times
26 Mon May 2025 686.85 676.10 to 692.00 0.92% 0.31 times
23 Fri May 2025 680.60 677.70 to 690.00 -0.53% 0.35 times
22 Thu May 2025 684.20 676.30 to 698.50 -1.05% 0.55 times
21 Wed May 2025 691.45 669.90 to 696.75 2.44% 1.17 times
20 Tue May 2025 675.00 644.80 to 703.75 3.46% 2.76 times
19 Mon May 2025 652.45 640.50 to 672.90 0.88% 0.74 times
16 Fri May 2025 646.75 637.00 to 657.00 1.01% 0.42 times
15 Thu May 2025 640.30 626.05 to 658.85 2.15% 1.06 times
14 Wed May 2025 626.85 621.00 to 629.70 0.92% 0.21 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!

My analysis of Chennai Petroleum Corporation Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Chennai Petroleum Corporation Limited stays above 701.4, but if it comes below 701.4, then a intra day sell could be more profitable.
If you take a sell trade below 701.4, then use 701.4 as stoploss and 663.13 as target. However if you take a buy trade in Chennai Petroleum Corporation Limited, then use 701.4 as stoploss and 747.3 as target.

More indepth analysis on MunafaSutra.com