SaurabhChhabra96

CHENNAI PETRO CUP AND HANDLE PATTERN ON WEEKLY CHART

Long
NSE:CHENNPETRO   CHENNAI PETRO CP
CPCL is making cup and handle pattern on weekly chart and ready give breakout in coming days with heavy volume.
If stock give closing on weekly chart above the trend line, we can expect target of RS 250-280 in long term.
IOC LTD is holding 51.89% percent in company.

Target for 3-12 month RS 160
Target for long term RS 250--280 which around 110% or more from the CMP

Its not any tip or recommendation, do your own analysis.
Disclaimer

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.