Chennai 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...
Enter Long above 311 Target 315 & 319 Sl 305
I 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.. We want your feedback, and...
Chennai Petro is a technical buy as it's at retesting levels of breakout! Keep strict SL as 310
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.
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+.
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...