AbhishekHSinghCMT

Chennai Petro- Bang on for Kissing 297

NSE:CHENNPETRO   CHENNAI PETRO CP INR10(DEMAT)
152 3 7
Oh- Its Kissed 297 look & started the bounce. Last Traded at 300- These are the places where Risk is zero & Reward is unlimited as per previous accumulation wedge pattern.

Chennai Petro- An Accumulation Wedge at 296.90
Trade active: 10:40 Hrs- 20th Sep2016

Chennai Petro - Boom -Trading at 305
Trade active: 07:25 Hrs 22nd Sep2016
Likely we should wait for the long positions only above 307.25 which has acted twice as resistance- so always look left & trade right.
Comment: 07:25 Hrs 22nd Sep2016

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
Comment: 07:25 Hrs 22nd Sep2016

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.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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Abhishek sir, whats the target do you expect here & time frame too ? Thanks
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Hi, I have updated above.
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gulzarkdr AbhishekHSinghCMT
Hi, Many thanks for your prompt response. your calls & guidelines are very helpful me to learn/develop the basics.
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