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 |
| 05 Wed Feb 2025 | 532.65 | 527.35 to 542.00 | 1.01% | 0.9 times |
| 04 Tue Feb 2025 | 527.35 | 517.00 to 532.00 | 2.22% | 0.85 times |
| 03 Mon Feb 2025 | 515.90 | 514.30 to 535.00 | -4.72% | 0.79 times |
| 31 Fri Jan 2025 | 541.45 | 520.05 to 543.00 | 3.23% | 1.14 times |
| 30 Thu Jan 2025 | 524.50 | 523.00 to 538.40 | -0.22% | 0.76 times |
| 29 Wed Jan 2025 | 525.65 | 522.05 to 533.00 | 0.38% | 0.82 times |
| 28 Tue Jan 2025 | 523.65 | 508.40 to 535.20 | -1.18% | 1.34 times |
| 27 Mon Jan 2025 | 529.90 | 527.00 to 552.40 | -4.85% | 1.16 times |
| 24 Fri Jan 2025 | 556.90 | 552.00 to 586.95 | -3.34% | 1.62 times |
| 23 Thu Jan 2025 | 576.15 | 571.80 to 580.70 | -1% | 0.65 times |
| 22 Wed Jan 2025 | 581.95 | 567.00 to 588.50 | -0.49% | 0.88 times |
| 21 Tue Jan 2025 | 584.80 | 580.55 to 603.40 | -2.18% | 1.04 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, 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 Corporation Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 527.5 as stoploss in an intra day buy trade for a target of 555.3. However, stock will show a bearish move below 527.5.