Long Term Trend: Neutral
AI Indicator Strength: 65.0%
StockCHENNPETRO
Current Price₹1097.80
Short Term Trend
Strong Downward
Trend: Neutral
¼ Long Term Trend Structure
- Price consolidating within ranges
- Momentum aligned with structure
RSI: Neutral-Bullish
📊 Momentum (RSI)
- RSI: 47.00
- Mild positive bias
MACD: Weak Bullish
¼ MACD Observation
- Weak positive MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bullish
- Trend → Neutral
📊 CHENNPETRO Stock Strength & Risk Analysis
✅ Positive Factors
- Midline RSI (47.00) provides ample room for an upside move.
❌ Risk Factors
- Downward structural bias is currently active.
📌 Market Outlook
Neutral structural conditions warrant a patient, wait-and-see approach.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹973.10
₹963.37
₹953.64
🔴 Resistance Zones
₹1249.00
₹1261.49
₹1273.98
CHENNPETRO Price Action: The nearest structural support is quite distant at ₹973.1 (over 10% away). In the short term, traders should watch the EMA50 at ₹1082.63 as a dynamic support level. On the upside, the primary hurdle for an upward rally is positioned at ₹1249.00.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 373.06 |
| 38.2% | 545.42 |
| 50.0% | 684.72 |
| 61.8% | 824.03 |
| 78.6% | 1022.36 |
Structural Pullbacks: With CHENNPETRO trading in the upper half of its 52-week range, upper support floors like the 23.6% level at ₹373.06 act as immediate breakout retest zones. 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 | 1136.65 | SMA5 | 1155.26 |
| EMA9 | 1146.20 | SMA9 | 1162.76 |
| EMA20 | 1131.61 | SMA20 | 1133.76 |
| EMA50 | 1082.63 | SMA50 | 1076.33 |
| EMA100 | 1023.79 | SMA100 | 1007.09 |
| EMA200 | 942.48 | SMA200 | 928.00 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bullish: +1 🟢
🟢
• Price < EMA20 (Short-term Bearish): -1 🔴
🔴
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Weak Bullish: +1 🟢
🟢
• Total Score: 3
🔴
• Confidence Score: 65.00%
🔴
Total Score: 3
Technical Indicator Strength: 65.0%
- Neutral alignment in behavior
- AI Confidence Score: 65.0%
👉 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 |
| 2026-05-28 |
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 |
| 2025-10-03 |
Bullish |
780.40 |
784.30 |
811.80 |
780.30 |
3.51% |
0.51 |
858.85 |
780.30% |
10.05 |
0.01 |
80.35 93.18 Success |
| 2025-10-01 |
Bearish |
757.10 |
759.45 |
786.40 |
759.00 |
0.06% |
3.55 |
858.85 |
759.00% |
-0.25 |
13.44 |
5.34 34.00 Success |
| 2025-08-21 |
Bullish |
663.60 |
664.90 |
664.90 |
656.00 |
0.00% |
1.34 |
666.30 |
639.80% |
0.41 |
3.59 |
52.48 37.85 No Trade |
| 2025-07-25 |
Bearish |
687.60 |
685.05 |
729.50 |
681.00 |
0.59% |
6.49 |
729.50 |
652.80% |
5.06 |
6.09 |
100.00 81.95 Success |
| 2025-06-24 |
Bullish |
685.80 |
685.80 |
695.95 |
664.00 |
1.48% |
3.18 |
699.50 |
664.00% |
2.00 |
3.18 |
100.00 69.76 Success |
| 2025-06-03 |
Bearish |
651.15 |
653.65 |
663.45 |
647.55 |
0.93% |
1.50 |
672.00 |
646.60% |
0.70 |
3.20 |
100.00 60.17 Success |
| 2025-05-16 |
Bullish |
646.75 |
646.80 |
672.90 |
640.50 |
4.04% |
0.97 |
703.75 |
640.50% |
8.81 |
0.97 |
84.87 95.00 Success |
| 2025-04-07 |
Bearish |
594.50 |
606.00 |
616.60 |
594.15 |
1.96% |
1.75 |
647.40 |
594.15% |
0.06 |
8.90 |
100.00 79.93 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.