CHENNPETRO on breakoutCHENNPETRO coming out of consolidation with volume breakout. upside 15-18% possible
CHENNPETRO
CHENNPETRO: 15 Year BreakoutCHENNPETRO is breaking out of a massive 15 year resistance. High RSI. On daily after brief retest is again breaking swing low. Lets see if it will sustain levels and then can go higher.
CHENNPETRO - Long Setup, Move is ON..NSE:CHENNPETRO
✅ #CHENNPETRO trading above Resistance of 380
✅ Next Resistance is at 434
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Chennpetro Analysis Stock completed round bottom pattern and near to BO level maintaining its supportive trendline, follow chart for proper entry and exit levels.
CHENNPETRO - Ichimoku Bullish Breakout Stock Name - Chennai Petroleum Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 278
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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CHENNPETROCHENNPETRO:- Formed a rounding bottom and consolidating near the resistance, if the breakout together sustains above, we can see the stock going upside. keep in radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Chennai Petro CP Wedge and Flag BreakoutChennai Petro CP breaks out on 1D timeframe. It has given a Double Pattern breakout from Falling Wedge and Flag patterns. Target & Stop Loss are explained on Chart. Be wary of upcoming earnings. Do Trail your Stop Loss and follow proper Risk Management.
chennai petro bullish flag patternchennai petro bullish flag pattern
can look for tp of 194-198 with sl of 89 on monthly cb
Disclaimer: only for educational purpose kindly consult your financial advisor before any investment
YR 2022 Idea #23: Long on CHENNPETROThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
CHENNPETROCHENNPETRO
CMP: 127
- Bounced from the weekly support (90)
- Descending Triangle pattern in weekly chart
- Need a follow through to confirm a Falling Wedge pattern breakout in daily chart
- Rising volumes
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.
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.
#PETRONET CMP247 #Target 271(10%) #ioc #ongc #tidewater #bpcl #PETRONET
NSE: PETRONET
CMP 247
Target : 271
SL 238
Time Frame < 2 months
Can hold the stock for longer time after part booking.
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Chennai Petro - SWING and INTRADAYStock has broken the resistance zone with good volumes.
If moves above today's high in next session then can go long in Intraday (with half quantity)
Swing: Stock might re-test the BO zone of 130-132 and then continue further up move
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 Trendline breakout#CHENNPETRO After two years, Chennai petro has broken the trend line. This could possibly result in a good upward movement. Would definitely recommend it as it is good for a long term position
Educational purpose only - trade at your own risk.
Goodluck.
CHENNPETRO CHENNPETRO (Weekly):- CMP 126 Looks good for upside :)
1) Multiyear Breakout :)
2) Huge Volume + MACD Divergence
#CHENNPETRO - Systematick DailyLooks like the stock has bottomed around 50 and bouncing up with volume since May 2020.
Good buy around 75-77 range.
SL 60
TGT 90 & 150+
Safe traders can wait for box break out.
Long term pick. Trail your SL.
MyAlgo : xMRSI-Progresser: Intraday : 22Oct-CHENNPETRO-LongBased on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 22-Oct-2018 for CHENNPETRO
Buy Above(5Min candle close): 265.9 for targets -
T1: 267.9
T2: 269.1
T3: 270.3
SL: 263.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(11-Jun-18)-CHENNPETRO-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 11-Jun-2018 for CHENNPETRO
Buy Above: 303.5 for targets -
T1: 305.8
T2: 307.1
T3: 308.6
SL: 301.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
