CHENNPETRO - Swing Candidate#CHENNPETRO
Buy-Above 117
Sl-100
T-140 150 175
The stock has made double bottom in weekly TF. Neckiline has been broken above 117. Target will be 145 and 170+.
RR is good here. But sl is a bit aggressive.
Chennaipetro
DAILY SWING CALL / Wednesday 16th of June 2021 / NSE: CHENNPETRODAILY SWING CALL // Wednesday 16th of June 2021 / NSE:CHENNPETRO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 135.2
TARGET: 155+ (15% Around)
STOP LOSS: 121 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
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.
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
Like, Share, Comment for regular updates.
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.
