Chennai Petroleum Corporation Limited - Falling trendline - breakout seen in the prices along with breakout in RSI. volumes, a bull sash candle, closed above EMA 61, all these are seen in the daily time frame, indicating a further up move in prices. Prices can move up at least up to 240 and above that, they can rally to 250 -275. Can be bought if the price corrects and sustains between 215 - 200 levels in small quantities. Stop-loss below 190 on a daily close basis. Holding duration 3-4 weeks. This call becomes invalid if prices open above 225 or below 195.
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Rahul Pal
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Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457