Chennai Petroleum Corporation technical analysis

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 ₹616.12, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹629.14, ₹650.02, and ₹663.04, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹595.24, ₹582.22, and ₹561.34, 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.