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.
3. RSI momentum. Will update target, stoploss, entry in comment seeing price action.
Trade active:
Short at 326 stoploss 328, trade along with main index
Comment:
Chennai Petro forming a line. "Line indicates movement"(Dow theory)
Trade closed: stop reached:
This post put a question mark and I answered it in "Volume and big game".
