A good long incomingan easy 10-15% gains coming in this within next 14 days Longby EnoonmaiUpdated 221
Chennai Petroleum: Flag Breakout Incoming ? ? ? • Strong Previous Breakout: The last breakout candle signaled bullish momentum • Weak Pullback: Recent pullback candles show minimal selling pressure • Drying Up Volume during pull back: Signaling the pull back validity • EMA 11 Support: Potential bounce point near the 11-day EMA • High Momentum: Trading above the major moving averages This is not financial advice, but Chennai Petroleum could be worth watching ! Longby donjacob810
Resistance BreakoutPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking for long term.Longby Breakout-Ideas1
CHENNAI PETRO READY FOR UPMOVE #CHENNAIPETRO Had a Bigger Shakeout a few days back and an Undercut. This might trigger an Urgency in moving the price. Market Environment is important, Let's see if it allows a trigger. #StocksInFocus #StocksToWatchLongby Trendxinc0
Chennai Petrol Long trade ideaHi everyone as it can be seen in the picture. Chennai petrol is trying to form a vcp ( volatility contraction pattern). Traders can aim for 900+ levels with a stop loss of 866 as shown in the image. Longby TheWhiteTiger99Updated 2
CHENNPETRO BREAKOUTCAN long near 468 on dips sl 425 , take long on a staggard manner by allowing margin to add-on all dipsLongby himeshforexUpdated 3
CHENNAI PETRO ( Study Purpose)REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure. GOI has started revising windfall taxes upwardly due to recent higher crude oil prices. SL only if crude oil starts falling sharply. SL If stock prices start moving above Rs1100. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member. Not invested yet.Shortby nitinKguptaUpdated 0
chennai petro running higher post 460hello all , some 1 askes about cp, targets are mentioned it recently did a 10 year breakout 460 disclaimer: holding dinve 477 booked 60 percent a6 890Longby rashjohn007Updated 331
CHENNPETRO - Long Setup, Move is ON..NSE:CHENNPETRO ✅ #CHENNPETRO trading above Resistance of 866 ✅ Next Resistance is at 1090 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.by Sandeep_Aggarwal8
Chennai Petroleum Corporation Limited - Multiyear Breakout #CHENNPETRO CMP ₹: 720.8 Date : 07-01-2024 Chennai Petroleum Corporation Limited is an India based petroleum refining company. It's an undervalued and cheap stock . Now trading in its 52 week high level with improving fundamentals. A zero promoter pledge company with reducing debt.ROA , ROE & RoCE improving for the last 2 years.Profit margin also improving YoY. Already given a breakout of its 16 years resistance trend line. Now moving through an upward parallel channel for last 3 months. FIIs are increasing stake in this undervalued hidden gem. 1000 to 2000 levels are not so stoploss below @ ₹. 675 levels. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly . by DevanNaayarUpdated 3
consolidation breakout trading opportunity in CHENNPETROCHENNPETRO consolidating after a big rally, and the stock is in a strong up trend ( stage 2) now the range of the price ( narrow range candles) is tight and volume dried, and today price range expands with increased volume. follow-through range expansion happens it will be a potential short-term swing trading opportunity. DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisorby Rajachandrasekaran0
CHENNPETRO - Multi-year BreakoutChennai Petroleum Corporation Limited (CPCL) is a company, which offers high speed diesel (HSD) and motor spirit (MS). The Company operates in the downstream petroleum sector. TTM EPS: 116.21 TTM PE: 4.12 P/B: 2.39 Mkt Cap (Rs. Cr.): 7,126 Dividend Yield: 5.64 Sector PE: 30.01 Book Value Per Share: 200.57 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Strong Annual EPS Growth New 52 week high today Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Company reducing Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Some Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit Fall in Quarterly Revenue and Net Profit (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks Longby babutaaniketUpdated 114
Chennai Petro - Multi Year BreakoutCant Miss this Breakout !!! Look Closely Counter is breaking multiyear High of Nov 2007 and Oct2017. Forming a Double Bottom as well in this Process. The Oil & Gas Index has also given a monthly Demand Zone Pull and the Index itself is moving +500 Points. This is supporting my logic Should go a Long way if the breakout above 445 sustains. Take entry at CMP 441-445 T1 - 478 shorterm T2 - 557 midterm T3 - 700 Long Term SL - 424 Fundamentals for Value Investors Strong Annual EPS Growth High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio Effectively using its capital to generate profit - RoCE improving in last 2 years High growth and High Return on Equity (ROE) with Low PE ratio Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Strong Momentum: Price above short, medium and long term moving averages Annual Net Profits improving for last 2 years FII / FPI or Institutions increasing their shareholding Longby MoneyMentorsUpdated 13
CHENNPETRO - Long Setup, Move is ON..NSE:CHENNPETRO ✅ #CHENNPETRO trading above Resistance of 680 ✅ Next Resistance is at 866 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby Sandeep_Aggarwal5512
CHENNPETROPresently, high-speed diesel accounts for ~45% of revenues, followed by Motor spirit (11%), heavy ends (11%), Automatic transmission fluidLongby SamratSinghYadav3
Doable 📈 There's a strong possibility Chennai petroleum could hit ( 515 within 19th - 26th June 2023 ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises. Longby KilopapaUpdated 338
Triangle Pattern Breakout - CHENNPETROPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking for long term.Longby Breakout-Ideas2
chennai petro longhuge upside potential in this stock not a recommendation do ur own analysis before investing only for educational purposeLongby Scalper_Trader_180
Chennai Petro - BOBreak out from 20 years long base. Waiting for the blast !Longby ssspecialistUpdated 3
Chennai petro myb tar 750-1000 cmp 510Chennai petro looks very good for investment tar 750-1000 Cmp 510, buy dips till 440 (if it comes😀) Sl 425 monthly closing basis 20 year rectangular price breakout 10 yr rsi breakout. Let's fly ✈️✈️✈️Longby sneh19851
CHENNPETRO, CMP 483Multiyear breakout, on the process of retest. do your research.Longby simply_charts2
CHENNPETRO: 15 Year BreakoutCHENNPETRO is breaking out of a massive 15 year resistance. High RSI. On daily after brief retest is again breaking swing low. Lets see if it will sustain levels and then can go higher.Longby pchere3
Chennai Petro - Diesel Cracks With Diesel Cracks increasing back into bull market expect Chennai Petro to be a big beneficiary. The only problem is if govt increases windfall taxes on export ofdiesel. IF this trend continues the company will make a lot of money going ahead. Long at Current prices with SL below 471. Longby rdkriplani7