Chennai Petroleum Shares Extend Winning Streak To 7 Days: SEBI RA Akhilesh Jat Calls Buy Above ₹685

Shares of Chennai Petroleum Corporation stock have been recommended for buying at prices above ₹685, according to SEBI-registered analyst Akhilesh Jat.

The stock showcases strong upward momentum through its pattern of higher highs and higher lows, which demonstrates a continuous healthy uptrend. 

At the time of writing, Chennai Petroleum shares were trading at ₹682.45, up ₹30.00 or 4.6%.

Jat said the stock has achieved positive performance in seven consecutive trading periods, demonstrating continuous buying activity.

According to the analyst, Chennai Petroleum broke through a key resistance barrier and reached its peak trading value for 2025, which signals strong market confidence. 

Jat predicts that surpassing ₹704 will generate additional upward movement, leading the stock to the ₹829 objective.

As per Jat's risk management strategy, investors should set their stop-loss orders at ₹600 and consider an alternative stop-loss level at ₹619 because these placements support a profitable risk-reward balance.

In January, Chennai Petroleum invited bids for a 2 KTA green hydrogen unit at its Manali Refinery. 

The project includes designing, building, and operating the unit using renewable energy, producing 2,000 MT of green hydrogen annually, along with necessary supporting infrastructure.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.

The stock has risen 8% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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