Chennai Petro - Boom -Trading at 305
Likely we should wait for the long positions only above 307.25 which has acted twice as resistance- so always look left & trade right.
Our Key Level 296.90 also if intact & one gets a chance to enter close to that level can also be good buying zone but be careful with strict stops below 296.90
Prior Swings highs to watched carefully or should be taken as target levels like 309.90 & 312.40 Above That It should give a decent jump, but careful to book profits at every milestone depending on your risk appetite.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ