CHENNPETRO trade ideas
Perfect example of Higher highs and higher lows STRUCTURE -Chennai petro chem. Weekly analysis
Price is near about very Strong support
HH & HL formation l
Chennai Petro looks good around 600-605 levels A buying momentum can be seen in Chennai Petro so it can be added to the 598-605 range with SL around 687-688 levels for a target of 652++ 671+++698+++ levels maintain proper Stop loss
Chennpetro At Discounted Price + AccumulationDate : 21-12-2024
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At Discounted Price + Accumulation (PICK RESEARCH TO OBSERVE)
Chennpetro Looks at 532
SL 433
Target 593, 642, 741, 790, 889, 1087++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 50 & 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
Chennai Petroleum Corp Ltd Stock | Like a Double BottomChennai Petroleum Stock made Elliot web ABC correction and made correction in 12345 period in C wave correction and it is like double bottom at the bottom. So here today bullish divergence is also formed. So Here We Can make entry and Stop Loss can be 559 and entry 590 and target can be 799.
This Trade only education purpose only.
CHENNPETRO Trading within Demand Zone of ₹650 to ₹627.5CHENNPETRO is currently trading at ₹653.05, situated within its demand zone ranging from ₹650 to ₹627.5. This zone was last tested on November 30, 2023, offering a potential area of price support. Investors may find value in observing price trends here, as activity within this zone might signal opportunities for upward movement.
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.
Dividend Star: Chennai Petroleum Corporation LtdCPCL has taken strong support from 872 levels.
It is trading near 20 EMA levels of 923.
Resistance levels: 1002, 1072, 1217
Support levels: 899, 797
One can accumulate for the long term for a good dividend yield.
Pros:
The company has decreased its debt.
The stock offers a commendable dividend yield of 5.98%.
The company has achieved a commendable profit increase of 71.2% CAGR during the last five years.
The company has a commendable history of return on equity (ROE). Three-Year Return on Equity: 53.9%
CHENNAI PETROLEUM If next weekly closing sustains above 1050 then it could move upwards to 📈 1350 within ( 9th Sep 2024 )
If closes below 1050 in next weekly 🕯then it could 📉 move Downside to the red dotted line
Imp support is on blue trend line
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
chennai petrochem--bullishAll the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Chennai Petro Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in daily TF.
* From Feb 2024 to July 2024 its in range.
* From Feb 2024 to July 2024 Tested & Moving Resistance Many times.
* It's break resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Fundamental Analysis
Industry - Refineries
Variance Full Year Net Profit Variance - 22
Equity Latest Equity - 148.91
Face Value Latest Face Value - 10
Reserves Total Reserve - 8672.01
Dividend Full Year Dividend % - 550
Sales Turnover Full Year Net Sales - 66385.73
Net Profit Full Year Net Profit - 2745.07
Full Year CPS Full Year Cash Per Share - 225
Earning Per Share Full Year Earning Per Share - 184.3
Mar 1, 2024
Latest Quarter Sales - 17720.18
Book value - 592.4
Networth Full Year Return on Networth - 63.45
Price to Book value - 1.834909
Yearly PE ratio Full Year Price to Earning per share - 5.9
Full Year Price to Cash Per Share - 4.8
BSE Value in lakhs - 2737.22
NSE Value in lakhs - 27755.57
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
CHENNPETRO on breakoutCHENNPETRO coming out of consolidation with volume breakout. upside 15-18% possible
CHENNAI PETRO ( Study Purpose)REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure.
GOI has started revising windfall taxes upwardly due to recent higher crude oil prices.
SL only if crude oil starts falling sharply.
SL If stock prices start moving above Rs1100.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Not invested yet.
CPCL_Long_Support_ResistanceValuation : PE = 5.32
FII dumped their money in this stock for last three years. (+15%)
Excellent ROCE and ROE > 30%, Dividend Yield = 2.79 %, CAGR over last 5 years > 70%
Fresh entry above Rs.800 is good to accumulate for LIFETIME.
CPCL buy entry1. Market is trading in the channel pattern.
2. After touch the channel support, stock forms higher high and higher low.
3. Now touch the previous higher high and fill the gap (fvg)
4. Display hammer candle.
Take buy trade 917 price and target 1120.
If incase stock rejects in resistance 1 (990 price) and close below previous day low. Then exit your position. That's means big investor doesn't participate in the market.
SL - 872
Note : I am not Sebi register advisor. I just tell my opinion, analysis from your side and take decision.
Chennai Petroleum: Flag Breakout Incoming ? ? ?
• Strong Previous Breakout: The last breakout candle signaled bullish momentum
• Weak Pullback: Recent pullback candles show minimal selling pressure
• Drying Up Volume during pull back: Signaling the pull back validity
• EMA 11 Support: Potential bounce point near the 11-day EMA
• High Momentum: Trading above the major moving averages
This is not financial advice, but Chennai Petroleum could be worth watching !
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
CHENNAI PETRO READY FOR UPMOVE #CHENNAIPETRO
Had a Bigger Shakeout a few days back and an Undercut. This might trigger an Urgency in moving the price.
Market Environment is important, Let's see if it allows a trigger.
#StocksInFocus #StocksToWatch
Chennai Petrol Long trade ideaHi everyone as it can be seen in the picture. Chennai petrol is trying to form a vcp ( volatility contraction pattern). Traders can aim for 900+ levels with a stop loss of 866 as shown in the image.
CHENNPETRO BREAKOUTCAN long near 468 on dips sl 425 , take long on a staggard manner by allowing margin to add-on all dips
chennai petro running higher post 460hello all ,
some 1 askes about cp, targets are mentioned it recently did a 10 year breakout 460
disclaimer: holding dinve 477 booked 60 percent a6 890
