CHENNAI PETRO ( Study Purpose)
Updated
REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure.
GOI has started revising windfall taxes upwardly due to recent higher crude oil prices.
SL only if crude oil starts falling sharply.
SL If stock prices start moving above Rs1100.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Not invested yet.
GOI has started revising windfall taxes upwardly due to recent higher crude oil prices.
SL only if crude oil starts falling sharply.
SL If stock prices start moving above Rs1100.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Not invested yet.
Note
Already down from Rs1024 to Rs955 now, revised SL Rs995.Note
Stop Loss now revised to Rs960.Note
Price now Rs880 from Rs1024, SL revised to Rs930 on daily closing basis.Trade closed manually
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