Chennaipetro
LONG CHENNPETROI 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..
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
Chennai Petro - A technical buyChennai Petro is a technical buy as it's at retesting levels of breakout!
Keep strict SL as 310
Chennai Petro short term viewIn 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.
Chennai Petro: Pattern Similar To DishmanThere 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+.
Chennai Petroleum: A Case For Wyckoff UpthrustAfter 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 too bullish. Awaiting more confirmation.
