Chennai Petroleum: Flag Breakout Incoming ? ? ?
• Strong Previous Breakout: The last breakout candle signaled bullish momentum
• Weak Pullback: Recent pullback candles show minimal selling pressure
• Drying Up Volume during pull back: Signaling the pull back validity
• EMA 11 Support: Potential bounce point near the 11-day EMA
• High Momentum: Trading above the major moving averages
This is not financial advice, but Chennai Petroleum could be worth watching !
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