Chennai Petroleum Corporation Ltd (CPCL) – Technical View

📊 Chennai Petroleum Corporation Ltd (CPCL) – Technical View Timeframe: Daily The stock has rebounded strongly from the lower Bollinger Band and is now trading above the short-term moving average, indicating improving momentum after a corrective phase. Price action suggests a short-term trend recovery, but confirmation near resistance is crucial. 🔑 Key Levels Immediate Resistance: ₹915 – ₹940 Next Upside Zone: ₹980 – ₹1,020 Support Zone: ₹850 – ₹820 Invalidation: Below ₹800 📈 Outlook Holding above ₹850 keeps the positive bias intact. A sustained move above ₹940 can open further upside. Rejection near resistance may lead to consolidation. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📉📊