Chennai Petroleum Maintains Strong Uptrend, Target Rs 1,183

Chennai Petroleum Corporation continues to exhibit a strong weekly uptrend with higher tops and bottoms, supported by firm relative strength against the broader market. Technical indicators suggest a continuation of this upward momentum, with a target price of Rs 1,183 and a stop-loss at Rs 1,030. The company’s positive operational performance in the oil and gas sector, coupled with favorable market conditions, supports this bullish outlook for the coming weeks.