Chennai Petroleum Corporation Resistance and Support
Pivot 1412.03
Time Period:
Resistance
First Resistance
1444.46
Second Resistance
1498.43
Third Resistance
1530.86
Support
First Support
1358.06
Second Support
1325.63
Third Support
1271.66
Chennai Petroleum Corporation Resistance and Support Summary
According to the latest Pivot data, Chennai Petroleum Corporation’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1412.03, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1444.46, ₹1498.43, and ₹1530.86, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1358.06, ₹1325.63, and ₹1271.66, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Chennai Petroleum Corporation’s price movement.
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Shareholding Pattern
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