Long Term Trend: Strong
AI Indicator Strength: 70.0%
StockCHENNPETRO
Current Price₹1393.50
Short Term Trend
Strong Upward
Trend: Strong
¼ Long Term Trend Structure
- Price above EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 59.27
- Mild negative bias
MACD: Strong Bullish
¼ MACD Observation
- Strong positive MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Strong
📊 CHENNPETRO Stock Strength & Risk Analysis
✅ Positive Factors
- Trading well above 200-day moving averages reinforces core stability.
- Midline RSI (59.27) provides ample room for an upside move.
❌ Risk Factors
- Minor technical overextension suggests potential for a brief consolidation phase.
📌 Market Outlook
Neutral structural conditions warrant a patient, wait-and-see approach.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹1099.00
₹1088.01
₹1077.02
🔴 Resistance Zones
₹1489.70
₹1504.60
₹1519.49
CHENNPETRO Price Action: The nearest structural support is quite distant at ₹1099.0 (over 10% away). In the short term, traders should watch the EMA20 at ₹1322.04 as a dynamic support level. On the upside, the primary hurdle for an upward rally is positioned at ₹1489.70.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 423.73 |
| 38.2% | 627.44 |
| 50.0% | 792.07 |
| 61.8% | 956.71 |
| 78.6% | 1191.12 |
Structural Pullbacks: With CHENNPETRO trading within 10% of its 52-week high, close intermediate parameters like the 23.6% level at ₹423.73 or the short-term EMA9 baseline act as logical continuation test areas. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where CHENNPETRO might find fresh buying interest.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 1392.81 | SMA5 | 1388.42 |
| EMA9 | 1371.37 | SMA9 | 1369.96 |
| EMA20 | 1322.04 | SMA20 | 1306.38 |
| EMA50 | 1238.99 | SMA50 | 1217.65 |
| EMA100 | 1154.96 | SMA100 | 1135.84 |
| EMA200 | 1046.41 | SMA200 | 1028.00 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Strong Bullish: +2 🟢
🟢
• Total Score: 4
🔴
• Confidence Score: 70.00%
🔴
Total Score: 4
Technical Indicator Strength: 70.0%
- Strong alignment in behavior
- AI Confidence Score: 70.0%
👉 Market appears neutral
📊 MACD Backtested Signals (Historical)
| Date |
Signal |
Close |
T+1 Open |
T+1 High |
T+1 Low |
T+1 Change |
T+5 High |
T+5 Low |
T+5 Change |
Strength |
Confidence |
Strategy |
| 2026-08-11 |
Bullish |
1426.10 |
1418.00 |
1444.00 |
1370.10 |
1.83% |
3.38 |
1454.50 |
1308.00% |
1.99 |
8.28 |
100.00 82.30 Success |
| 2026-08-10 |
Bearish |
1240.10 |
1249.00 |
1449.00 |
1237.00 |
0.96% |
16.01 |
1449.00 |
1237.00% |
0.25 |
16.85 |
59.58 60.05 Success |
| 2026-07-31 |
Bullish |
1260.60 |
1266.70 |
1343.00 |
1266.00 |
6.02% |
0.06 |
1351.00 |
1220.30% |
7.17 |
3.20 |
100.00 95.00 Success |
| 2026-07-28 |
Bearish |
1180.50 |
1200.00 |
1219.90 |
1176.10 |
1.99% |
1.66 |
1351.00 |
1176.10% |
0.37 |
14.44 |
91.94 77.29 Success |
| 2026-07-16 |
Bullish |
1240.80 |
1251.00 |
1256.90 |
1190.10 |
0.47% |
4.87 |
1354.00 |
1180.00% |
9.12 |
4.90 |
100.00 87.56 Success |
| 2026-07-14 |
Bearish |
1110.90 |
1116.00 |
1177.80 |
1099.00 |
1.52% |
5.54 |
1279.70 |
1099.00% |
1.07 |
15.19 |
100.00 79.68 Success |
| 2026-07-13 |
Bullish |
1157.90 |
1164.70 |
1164.70 |
1103.20 |
0.00% |
5.28 |
1279.70 |
1099.00% |
10.52 |
5.09 |
19.60 54.84 No Trade |
| 2026-06-18 |
Bearish |
1119.40 |
1120.10 |
1142.00 |
1092.10 |
2.50% |
1.96 |
1146.20 |
1092.10% |
2.44 |
2.39 |
100.00 72.98 Success |
| 2026-05-28 |
Bullish |
1053.10 |
1065.00 |
1070.00 |
1045.00 |
0.47% |
1.88 |
1225.00 |
1045.00% |
16.32 |
0.77 |
46.14 67.34 Success |
| 2026-05-08 |
Bearish |
1076.90 |
1077.00 |
1087.30 |
1043.70 |
3.09% |
0.96 |
1087.30 |
1003.40% |
6.83 |
0.97 |
100.00 94.60 Success |
| 2026-04-21 |
Bullish |
1022.35 |
1022.35 |
1083.95 |
1019.95 |
6.03% |
0.23 |
1103.00 |
988.00% |
7.89 |
3.36 |
67.35 90.78 Success |
| 2026-03-27 |
Bearish |
959.75 |
950.00 |
1018.50 |
942.05 |
0.84% |
7.21 |
1036.00 |
942.05% |
1.84 |
7.94 |
100.00 78.12 Success |
| 2026-03-17 |
Bullish |
1065.05 |
1050.00 |
1057.90 |
1003.00 |
0.75% |
4.48 |
1094.40 |
943.90% |
2.76 |
11.38 |
100.00 79.14 Success |
| 2026-03-11 |
Bearish |
906.70 |
902.00 |
960.00 |
869.35 |
3.62% |
6.43 |
1077.70 |
869.35% |
4.12 |
18.86 |
100.00 92.66 Success |
| 2026-02-24 |
Bullish |
916.60 |
921.15 |
933.90 |
914.10 |
1.38% |
0.77 |
1012.00 |
904.05% |
10.41 |
1.37 |
5.09 54.56 Success |
| 2026-02-20 |
Bearish |
883.65 |
886.00 |
902.05 |
877.75 |
0.93% |
1.81 |
973.00 |
877.75% |
0.67 |
10.11 |
44.97 54.71 Success |
| 2026-01-13 |
Bullish |
821.95 |
822.50 |
885.00 |
820.50 |
7.60% |
0.24 |
893.25 |
795.25% |
8.67 |
3.25 |
6.97 67.79 Success |
| 2025-11-24 |
Bearish |
989.20 |
996.20 |
1023.00 |
977.20 |
1.91% |
2.69 |
1023.00 |
890.00% |
10.03 |
3.42 |
100.00 94.64 Success |
| 2025-10-28 |
Bullish |
843.20 |
831.00 |
847.35 |
804.00 |
1.97% |
3.25 |
998.00 |
804.00% |
18.36 |
4.65 |
100.00 94.88 Success |
| 2025-10-14 |
Bearish |
768.45 |
770.70 |
777.75 |
753.70 |
2.21% |
0.91 |
798.60 |
716.80% |
6.72 |
3.92 |
100.00 90.92 Success |
Interpreting Historical MACD Data: The table above presents backtested historical performance of MACD crossover signals for CHENNPETRO. By analyzing past T+1 to T+5 day price movements following a MACD buy or sell signal, traders can gauge the historical reliability and expected volatility of the current signal.