CHENNAI PETROLEUM CORP LTD
A stock that was strongly bullish for the past 1.5 years started declining from August 2024. In the weekly time frame, drawing a swing-based Fibonacci retracement shows that the current price has reached the **0.618 level**.
This could be a good opportunity for either short-term or long-term investment, as the **0.618 retracement level** is considered a strong support zone where prices often bounce back. However, it's essential to confirm with additional technical indicators or market conditions before making a decision.
This could be a good opportunity for either short-term or long-term investment, as the **0.618 retracement level** is considered a strong support zone where prices often bounce back. However, it's essential to confirm with additional technical indicators or market conditions before making a decision.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.