"Chennaipetro - Forming triangle" by trader vanathi — published 2017-03-15

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CHENNAI PETRO CP (NSE:CHENNPETRO)

NSE:CHENNPETRO CHENNAI PETRO CP

Chennaipetro is forming a triangle and consolidating. Daily chart also shows triangle formation. Watch the price action. I will update the entry, stoploss and targets after seeing the price action.

Comment: Triangle broken. Buy chennaipetro above 376 with the stoploss of 373. targets are 380, 385,388 and 392

Related Ideas

about TATASTEEL 22

entered at 376.1 but did not put SL. cmp 372. any suggestion please?

Teflas

@Teflas, Price didnt close above 276. My trade didnt get trigerred. You entered as per your trading plan. Follow it. I wont give suggestion in other's trading plan.

yet to be broken

padiyaraa

@padiyaraa, Price will retest the line and go up.

vanathi

@vanathi, yah,that is possible

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