Chennai Petroleum Maintains Strong Uptrend, Target Rs 1,183

Chennai Petroleum remains in a strong uptrend, with a target of Rs 1,183 and stop-loss at Rs 1,030, supported by strong relative strength.

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Chennai Petroleum Maintains Strong Uptrend, Target Rs 1,183

Chennai Petroleum Maintains Strong Uptrend, Target Rs 1,183
Chennai Petroleum Corporation continues to exhibit a strong weekly uptrend with higher tops and bottoms, supported by firm relative strength against the broader market. Technical indicators suggest a continuation of this upward momentum, with a target price of Rs 1,183 and a stop-loss at Rs 1,030. The company’s positive operational performance in the oil and gas sector, coupled with favorable market conditions, supports this bullish outlook for the coming weeks.