Chennai Petro - Running out of fuel

Jan 12, 2017

Price action of Chennai Petro shows weakness by forming 1. Descending triangle 2. Less volume
3. RSI momentum. Will update target, stoploss, entry in comment seeing price action.

Jan 13, 2017

Trade active

Short at 326 stoploss 328, trade along with main index

Jan 17, 2017

Note

Chennai Petro forming a line. "Line indicates movement"(Dow theory)

Jan 24, 2017

Trade closed: stop reached

This post put a question mark and I answered it in "Volume and big game".