Stock of the day : Chennai Petroleum Corporation Ltd by Target Rs. 1025- Religare Broking Ltd
Chennai Petroleum Corporation Ltd

* CHENNPETRO has registered a decisive upside breakout accompanied by expansion in volumes, while sustaining above short- and medium-term moving averages, indicating improving demand dynamics.
* The price has rebounded from the lower moving average cluster, reinforcing positive trend strength.
* The broader price structure suggests a continuation of the prevailing uptrend as far as higher top and higher bottom formation remains intact.
* Investors may consider initiating long positions within the identified accumulation.
Buy Chennai Petroleum Corporation Ltd CMP 961.95 Range 958-962 SL 928 Target 1025
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SEBI Registration number is INZ00017433
