a bearish ab=cd harmonic pattern has been formed
a short idea can be initated at entry price of 442.85 with first target of 426.85 fib retracement of .382 and 2nd target of 409.85 fib retracement of .618
a option idea can also be taken by selling 480ce at 10.10 and 400pe at 5.30
CHENNAI PETROLEUM is currently on the Decider Zone ... 376 Rs. is A Firm Support for Now ... But By Breaking that , No Support till 346-360 Levels ... Have A Keen Watch on that and act According to that ...