Niftydirection

Chennai Petro Expanding flat correction

Long
NSE:CHENNPETRO   CHENNAI PETRO CP
Stock near ATH, it has completed Expanding flat correction on Monthly scale.
Following third wave rally should be huge.
Had checked basic fundamentals looks attractive.
Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky.
Target 3x-6x based on fib extension 2.618-4.618

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