DAILY 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...
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.
The 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.
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...
CHENNPETRO > 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...
W pattern breakout Closing above 132 will lead price to 165
Voulme increase happening slowly. It's steady . A sudden Jump can happen. Keep a close watch at 116
Note: 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₹
buy at cmp add in dips till 96 Sl below 90 DCB
Triangle Pattern Breakout @81.35, 10 point up movement may be expected
logic 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
EVERYTHING MENTIONED TRADE AT YOUR OWN RISK
BTST IN CHENNAI PETRO MAY FUT BUY@243.5 STOP@240.5 TARGET@248.5 LOT:1800 QTY:1
-27 points fall expected (12%) in CHENNAI PETRO within 15 trading days Trade with your own risk