CHENNPETRO today made a good upmove with good volumes from previous key breakout levels in Sep 2023 with RSI Bullish Divergence on Daily Charts on Back of 
UKOIL going below 70 Dollars. About:
CHENNPETRO is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.Trade Setup:
Could be a good 1:2.7 Risk Reward Trade Can give pullback up to 200 DSMA
Target(Take Profit):
Around 781 Levels or Falling 200 DSMA for Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Marked Levels for Positional Trader.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback.
Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Related publications
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.
Related publications
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.