CHENNPETRO 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.
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...
Stock completed round bottom pattern and near to BO level maintaining its supportive trendline, follow chart for proper entry and exit levels.
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...
#CHENNPETRO Entered Q1 #RRG Shunted till 277.45 Shunted for the upside
CHENNPETRO:- 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...
Chennai 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 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
This 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. ...
CHENNPETRO 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 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: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...
#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...
Stock 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
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 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 (Weekly):- CMP 126 Looks good for upside :) 1) Multiyear Breakout :) 2) Huge Volume + MACD Divergence
Looks 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.