CPCLChennai Petroleum Corporation LimitedNSE:CHENNPETROpradyammmCPCL – Multi-Timeframe Trade Setup Demand & Support Analysis TimeframeZoneInterpretation DDMIP1138 – 1108Immediate demand zone. Short-term institutional accumulation area. Weekly Support1100Key structural support. Holding this level keeps bullish momentum intact. Market Structure 🔹 DDMIP Zone: 1138–1108 Preferred swing accumulation zone. Demand zone provides a defined risk area. A positive reaction from this zone indicates buyers are defending the trend. 🔹 Weekly Support: 1100 Critical trend validation level. Above 1100 → bullish structure remains active. Below 1100 closing → demand failure and risk of deeper correction. CPCL Trading Plan Buy on Dip Strategy Entry Zone: ✅ 1138 – 1108 Stop Loss: 🔻 Below 1100 (closing basis) Risk: Approx. 8–38 points depending on entry. Target Projection 🎯 Target: 1400 Potential upside: Entry 1138 → +262 points Entry 1108 → +292 points Risk–Reward: Approx. 1:7 to 1:10 Key Levels LevelImportance 1400Target / Upside objective 1138DDMIP upper boundary 1108Demand support 1100Weekly trend support CPCL Final View Bias: Bullish Above 1100 ✅ DDMIP + Weekly support alignment ✅ Clear entry zone ✅ Strong risk-reward opportunity ✅ Target 1400 provides significant upside potential Setup Rating: 9/10 Strategy: ➡️ Accumulate near 1138–1108 ➡️ Keep SL below 1100 closing basis ➡️ Hold for 1400 target until weekly support remains protected.