Get started

Cpcl

Chennai Petroleum for 85%+ gainsDate: 23 Oct’24 Symbol: CHENNPETRO Timeframe: Daily The 14th Oct post is not visible somehow so posting the same chart. Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000. This is not a trade recommendation. Please do your own analysis. Chennai Petroleum Corp Ltd vartamaan mein Wave 4 mein dikh raha hai jo 780-820 ke aaspaas samaapt ho sakta hai, jise chart mein Demand zone ke roop mein dikhaya gaya hai. September quarter ke result acche nahi aaye hain to Wave 4 thoda lamba chal sakta hai. Wave 5 tab lagbhag 1500+ star (Wave 4 ke ant se 85%+) tak pahunch sakta hai. Target par adhik spashtata ke lie ham iski sameeksha tab kar sakate hain jab yah 1000 ke paar chala jae. Yah koi trade lene ki salah nahi hai. Kripya apna vishleshan khud karein.
NSE:CHENNPETROLong
by DhandhaPaani
Chennai Petrolium breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a long downtrend since June 2021, NSE:CHENNPETRO has given a high volume breakout today. The company posted a quarterly sales growth of 68%, quarterly profit growth of 141%, TTM sales growth of 60% and TTM profit growth of 135% in December quarter. Buy with a stop just below Rs.133.
NSE:CHENNPETROLong
by akashbothra