ChennaiPetro- Hatrick for Lasith Malinga (Back to Back)

WaveTalks Updated   
Current Rate- 282

The sheer excitement only -one can't control once a bowler gets back 2 back three wickets in a row- worked well when I wrote that we should be cautious before exactly a day before its recent results were to be announced -it was suggested that there is wedge pattern-which was perfect in place & time to occur- once identified -Boom- You are bound to be surprised with so many gifts that places will fall short.

It has travelled 161.8% in the (iii)-wave approx making a low@277.25 -which is very much clear objective for (iii)-waves

Trading Strategy- We shall be looking for a bounce again in the zone 291-293 where it shall retrace 61.8% that is maximum retracement -I shall be looking for & an opportunity to go short again for lower targets below 277.
Earlier Reports

ChennaiPetro - close to top out in 310-320 Zone- Wedge Pattern Identified

A closer look of wedge pattern

Right in the block Hole

Aren't you part of this exciting wave

Bang on for the bounce from 283 to 291

Finally -The Hatrick which completes 161.8% of the initial fall (i)- wave projected from (ii)-wave -- (iii)-wave travels 161.8% which comes to 276.15 - It almost made close low@277.25

Trade active:
12:05 Hrs-IST-12th Sep2016- It jumped to day's high@290. Currently trading at 286 looking for atleast 292-294 as a zone for possible shorting opportunity in coming days.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.