Chennai Petroleum – 1W Chart Update
CHENNPETRO
The stock has shown strong momentum and is currently trading near the 970–1,000 zone after a sharp weekly move.
However, multiple supply zones are placed overhead.
Key Levels:
Resistance – 1,067
Major Resistance – 1,150
Immediate Support – 894
Major Support – 784 / 703
Sustaining above 894 keeps the broader bullish bias intact, while failure to hold may lead to range-based movement.
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Disclaimer:
SEBI Registered Research Analyst. This content is strictly for educational purposes only. No buy/sell recommendation. Please consult your financial advisor before taking any investment decision.
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