“CHENNAIPETRO has shown a decent upside breakout, leading to positive sentiment, with the 21 EMA and 50 DMA in a bullish crossover, along with a bullish RSI crossover. Over the short term, the trend is expected to favor bulls, with a potential to reach ₹1010, while support is at ₹929. Recommended to buy at ₹962 with a stop loss of ₹929.”
Rupak De’s track record: 27 graded calls · 95% CI 34–69%
Chennai Petroleum Corporation LimitedBullishCalled 02 Mar 2026Graded 27 Jun 2026
Chennai Petroleum Corporation Limited increased from ₹937.70 to ₹1004.55 (+7.13%), reaching within 5% of the target price of ₹1010.