Chennai Petroleum Corporation Ltd – Pullback After Sharp Rally

📊 Chennai Petroleum Corporation Ltd – Pullback After Sharp Rally The stock recently witnessed a strong upside momentum, followed by a healthy pullback, indicating short-term consolidation after the rally. 🔎 Technical Observations: • Strong bullish expansion earlier with high volume participation • Price currently taking support near ₹930–₹950 zone • Consolidation forming after a vertical move • Momentum indicators cooling off from overbought levels • Structure still positive as long as higher support holds 🔑 Key Levels to Watch: • Immediate Resistance: ₹1,015 – ₹1,050 • Major Resistance: ₹1,090 – ₹1,135 • Immediate Support: ₹930 • Major Support: ₹890 – ₹880 🚀 Bullish Scenario: Sustaining above ₹1,015 may trigger fresh momentum towards: • ₹1,090 • ₹1,135 • ₹1,175+ 📉 Risk Scenario: Break below ₹930 could lead to a deeper pullback toward ₹890 support zone. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📈