Chennai Petroleum Corporation Ltd, part of the refining industry, is showing signs of stabilisation above 200-DMA which suggests there could be a possibility of a technical bounce back.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 861-948 in the next few weeks if the momentum sustains, suggest experts.The stock hit a high of Rs 1,103 on November 20, 2025, but it failed to hold the momentum. It closed at
