Chennai Petroleum Technical Study

By | March 14, 2010

Chennai Petroleum has been consistently making higher lows (as can be seen in the chart above). It was trading in a range for the last few weeks and has made multiple tops between Rs.253-256.50. The stock seems to be breaking out of this range and looks set to head upwards in the days to come.

Resistance @ 259 264 and 271

Support @ 247

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