Overall Technical outlook

Price Summary

On 2025-09-05, Chennai Petroleum Corporation Limited's stock began at 694.0, peaked at 703.3, bottomed at 685.1, and closed 1.21% up at 702.4, with a volume of 469419 shares.
In the past year, the highest stock price was 943.4, and the lowest was 451.6.

Technicals

Support and Resistance: The price for CHENNPETRO at 702.4 finds support at 684.05 and resistance at 721.65. This suggests a trading range, where 684.05 serves as a support level and 721.65 acts as a resistance point, potentially capping further gains.
CHENNPETRO supportResistance a6bc3a
Support/Resistance for CHENNPETRO


Aroon: The AROON is in a neutral stance for CHENNPETRO, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
CHENNPETRO aroon a6bc3a
Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
CHENNPETRO bbands a6bc3a
Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist.
CHENNPETRO psar a6bc3a
Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: The stochastic indicator reflects the K-line dropping below the D-line, though it remains above 80, pointing to a possible start of a bearish price move. This could be an early sign that the market's upward trend is reversing, potentially leading to a decline. Traders should be on the lookout for further bearish signals.
CHENNPETRO stoch a6bc3a
Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
CHENNPETRO trippleSMA a6bc3a
Tripple SMA chart for Chennai Petroleum Corporation Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.