Chennai Petro. Target 100%/ This is the weekly chart of ChennaiPetro. Expecting a huge upmove coming weeks. The only skeptical thing is the consecutive green candle in the week without any retracement. So be sure to limit you loss.
Chennaipetro
Chennai Petrolum - CMP: 129The stock has given Wedge Breakout on the daily chart. All oscillators are in bullish bios. We can expect a price target of 165 in the near terms.
Chennai petro #Refineries for short term🎯🎯there is an short term term opportunity in Chennai petro.
➣ Stock in weekly resistance zone.Anytime breaout possible
➣ Promising chart,ascending & symmetric triangle pattern in the chart.
➣ Good time to Enter.
➣ In last 3 months, mutual fund holding of the company has increased by 1.64%.
➣ Good Q4 numbers published.
Note guys this is not a buy recommendation.Do your study 🙏
Like🔹Comment🔹Support
CHENNPETRO : Read for BOCHENNPETRO
> Daily Chart
> If open and sustain above 127.75 by Monday.
> Good Volume
> Reversinge from low level
> Promotorr holding 67.29, DII increased holding from 4.91 to 6.55 (Mar21)
> CMP 127.45. Good to enter till 124 during.
> Suport 114 on closing basis
> May go 164
Dtd : 23rd May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Another Break Out in the works? Keep Tracking - POSITION TRADEVoulme increase happening slowly. It's steady . A sudden Jump can happen. Keep a close watch at 116
Chennai Petroleum - Bullish BreakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with volume. The breakout is crossed the high supply zone which caused a gap down. RSI above 65 indicates bullish momentum.
SL: 103₹
intraday tradelogic
1) stock is looking oversold
2) flag formation in 15 min
3) daily volatility is high today if moves in our favor we can get a good risk to reward
BTST IN CHENNAI PETRO MAY (FUT)BTST IN CHENNAI PETRO
MAY FUT
BUY@243.5
STOP@240.5
TARGET@248.5
LOT:1800
QTY:1
CHENNAI PETRO CP -27 points fall expected (12%)-27 points fall expected (12%) in CHENNAI PETRO within 15 trading days
Trade with your own risk
Chennai Petro : Contra PlayChennai Petro is falling knife for traders who want to make out of minor reversal in the trend. Minor bounce can happen till 217-218 but actual buying should emerge around 180 & 165 level for Mean Reversion play. Stochastic is already in oversold zone which indicates a bounce is likely to take place in next couple of sessions. Trader should wait for low of parallel channel to go for Short term buying. 160 should be the SL on closing basis. Reversal towards 10 & 20 days EMA should be the target for such kind of position.
ChennaiPetro-Short below 259.5 with the targets-256.35,254249.3Chennai Petro-Short below 259.5 with the targets-256.35,254249.3 and stop loss :265.5
