My PredictiveEngine's Intraday call(18-Apr) - CHENNPETRO - ShortBased on my PredictiveSystem's signals, today(18-Apr) its going to be a RED candle for NSE:CHENNPETRO
Sell below: 336.5
Target-1: 334
Target-2: 332
Target-3: 331
Stop loss: 339.4
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. :-)
CHENNPETRO
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.