chennai petro

Chennai Petroleum has delivered a strong bullish breakout with a large bullish candle, gaining over 7% and closing near the day's high, indicating aggressive buying interest. The stock has decisively moved above the recent consolidation zone around ₹1,180–1,200, confirming a continuation of the prevailing uptrend. If the price sustains above this breakout level, the next upside targets are ₹1,280 followed by ₹1,350. On the downside, ₹1,180–1,200 now becomes the immediate support zone, while ₹1,120 is the major support. Overall, the stock maintains a bullish structure with higher highs and higher lows, suggesting positive momentum is likely to continue.