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Vijayaraghavan Vijayaraghavan CHENNPETRO, W, Short ,
CHENNPETRO: Chennai Petro short term view
45 0 0
CHENNPETRO, W Short
Chennai Petro short term view

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. Vijayaraghavan Kovilpatti.

techtrail techtrail CHENNPETRO, 60, Long ,
CHENNPETRO: Chennai Petro: Pattern Similar To Dishman
58 0 5
CHENNPETRO, 60 Long
Chennai Petro: Pattern Similar To Dishman

There is a vacuum in this ellipse. Again the concept is similar to Dishman chart posted earlier today. Above 302, am expecting a quick spurt to 312+.

techtrail techtrail CHENNPETRO, M, Short ,
CHENNPETRO: Chennai Petroleum: A Case For Wyckoff Upthrust
64 0 4
CHENNPETRO, M Short
Chennai Petroleum: A Case For Wyckoff Upthrust

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 ...

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