praveen.bhatiya

* Divergence at Potential Reversal Zone *

Long
NSE:CHENNPETRO   CHENNAI PETRO CP
Moving in a parallel Channel , the prices are showing divergence. Incidentally prices are also in a Reversal Zone based on M_PL. It seems that stock is getting ready for an up move. Buy on closing above 348 with Stop loss of recent low or as per your risk taking capacity.

Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

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