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Petroleum

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
IGPL waiting to settle to form support to go LONGAs per my study and analysis, I find this for education purposes only that its not any buy recommendation. I found that the trend line resistance was broken and support was taken but at the same time the pattern formed seems to be a cup and handle pattern in charts which after break out would just burst to new highs with a time span . . . Disclaimer - This is not a Stock recommendation. Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
NSE:IGPLLong
by share_care_earn
Sell ONGC to the prev LowsHare Krishna ! The Below is for the ardent seeker. Would you believe if i say that the "REAL PROFFESIONAL FUND MGRS" DO NOT take trades of patterns like Harmonics,H&S or Elliot Waves... When i got a chance encounter with a few billion dollar Investment Managers & asked them about above patterns THEY LAUGHED... Don't believe all the things you find on the internet... Because unless you get taught directly by them you will not be able to see what they see.... Good Luck in you endeavors
NSE:ONGCShort
by VahniTrading