I hope you can now see how CHENNPETRO CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
We want your feedback, and ...
In weekly chart price breaks Bandbollinger bottom and indicators are look weak. Head and shoulder formation may helps to further decline.
Stoploss above 425 on closing basis.
After about 6-years, price revisits price high which comes across as the "Automatic Rally" high in Wyckoff parlance. IF this assessment is right, then expect the stock to drift to the lower end of the range. A breakout past the high of this month at 313 would indicate that the stock is in a mark-up phase and that could open up massive upside.
For now, am not ...