Is CHENNAI PETROLEUM CORPORATION in uptrend or downtrend?

In the short term price movements in CHENNPETRO share indicates the market is Sideways with heavy bearish pressure.

What are CHENNAI PETROLEUM CORPORATION support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Chennai Petroleum Corporation Limited in the short-term, the supply zone around 1177 and 1180. Hence, good chances of resistance around 1180. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Chennai Petroleum Corporation Limited share is around 1064 and 1060. Hence, good chances for support around 1060.

Why is CHENNAI PETROLEUM CORPORATION share price falling today?

Latest analysis on CHENNPETRO stock suggest, as per it's price structure, it is making lower highs and lower lows on intraday charts. This represents a bearish trend. That's why CHENNPETRO stock is having a fall today. Perhaps it's worth looking at the long-term and mid-term trend analysis of CHENNPETRO stock to understand the overall trend.

CHENNAI PETROLEUM CORPORATION Share Price | Forecast Today

Q: What is CHENNAI PETROLEUM CORPORATION share price forecast for tomorrow?

In Chennai Petroleum Corporation Limited stock current resistance level is at 1177 and support level is at 1064. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

Analyzing Market Data

Analyzing Market Data