CHENNPETRO - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for CHENNPETRO

Despite CHENNPETRO showing some intriguing price positioning, today's intraday potential looks dampened by weak sentiment and inconsistent volume. Here's how it unfolds

🌟 IntraDay Trade Rating

2.5

Momentum indicators hint at mild optimism, but profit shock and sharp drop in trader interest keep risk elevated.

🔍 Technical & Sentiment Factors

RSI: 46.4 → Neutral; not indicating strong reversal or directional bias.

MACD: +11.7 → Bullish crossover, which is promising — though needs confirmation from price and volume.

Volume: 12.04L vs Avg Vol 1Wk: 34.76L → Significant drop in intraday interest.

Price vs Moving Averages

Trading above DMA50 (₹699) and DMA200 (₹676) → technically supportive short-term.

Quarterly Profit Collapse: -111% → PAT swung to a loss — likely causing sentiment drag.

EPS: -₹12.3 & No P/E → Negative earnings complicate valuation.

Institutional Flows

FII Hold ↓ 1.8% = Risk-off.

DII Hold ↑ 0.24% = Mild domestic support.

🎯 Intraday Trade Setup

✅ For Fresh Entry Today

Optimal Buy Zone: ₹700–₹707 Watch for pullbacks to this zone with MACD strength and RSI stabilizing above 48.

Profit Targets: ₹715–₹725 Limited upside without fresh volume or positive news triggers.

Stop-Loss Level: ₹694 Break below signals weakness returning.

🧭 If You're Already Holding Today

Exit Guidelines

Price stalls near ₹710 or fails to retest ₹715 before mid-session.

RSI starts turning down toward 42–43 zone.

Volume remains well below average post-lunch, indicating lack of buyer momentum.

Trailing Strategy

If price hits ₹720+, consider trailing stop near ₹707 to lock partial gains.

🧠 Bottom Line

MACD is the only bright spot today — but volume and profit fundamentals weigh heavily. This setup might favor a cautious scalp with tight margins. For more assertive intraday plays, look toward stocks with stronger earnings visibility and breakout momentum.

I can shortlist 2–3 tickers with active breakouts or news-driven moves — just say the word and I’ll get you a fresh trading lens 📈🔎

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