Short CHENNPETRO : A 10th November, Day TradeWhen 1st Target Achieved Book 60% Quantity. And Trail Your SL to Entry Price. No Technique Can make money for you, if you don't follow disciplinary principals. Risk Management & Position sizing is must before entering any trade.Shortby TyrantUpdated 2
Chennai petro SNR TradeChennai petro is testing resistance If it decisively breaches resistance this will become support. Hence a trade should be triggered with formation of a candle above the resistance Long position to be taken with formation of candle above 467Longby hima231
a bearish AB=CD short idea chennai petroa 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 5.30Shortby AbhishekBhandariUpdated 1
Chennai Petroleum S & R basis option shortas we can chennpetro has rejected the price above 460 twice so we can short 470ce which is at 2.25bid price.. for a safe money.. as the breakeven would be 472.25 for above short idea.Shortby AbhishekBhandari2
Chennai Petro - Channel Support.Chennai Petro is at support of channel. Buy @ CMP. Tgts./SL Mentioned in Chart. I am not a SEBI Registered Financial Advisor.Longby SafeTrader1976Updated 224
ChennaiPetro - Oct 3 Day Trade!Buy above 406 with the stoploss of 402. Targets are 410, 414 and 420. Sell below 402 with the stoploss of 406. Targets are 398, 393 and 389.by vanathiUpdated 2212
Long on Pull back I am looking to Go long on Pull back in the Zone for Target 535+ Regards Longby shiv2798Updated 221
Pattern Series - 4 Rounding Bottom!Rounding bottom is a trend continuation pattern. And once the resistance is broken/pattern is complete, price action breaks out upside with out retracing.Educationby vanathi19
Chennai petro - Possible swing trade setupExplained in charts. RSI divergence in 1h chart by mothish15022
chennai petro- momentumbuy chennai petro for 480 target . buy on dips with sl of 415Longby kachartsUpdated 3
Breakout above 427Small Cup and Handle pattern on daily chart. Stock have to close above 427 which will give full proof confirmation.Expecting target of 445 & 475 in medium term. One can keep SL of 399Longby Rohit_potdarUpdated 2
Chennai PetroA good breakout on the line charts, what to watch out is whether current levels of 419 will sustain by close today to confirm break out! Trailing SL of 395Longby Jeet241
ChennaiPetro - Bull Flag!Buy above 393 with the stoploss of 390. Targets are 398, 401 and 405.Sell below 386 with the stoploss of 389. Targets are 382, 379 and 375. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.by vanathiUpdated 448
Wait for a Moment ...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 ...by Mohit_Jangir4
Chennai PetroThe stock seems to have finally broken out and is looking towards higher levels, keeping a trailing SL of 380, can do well going aheadLongby Jeet240
Possible short selling set up I am looking this stock is on top of the trading , probably it will start for correction , move to up is very short lived , I am looking possible short selling set up , I do not want to be in the long side as it is very risky to be in the long side , its better to wait for short set up , i will sell short with reversal sign on 1 Hour Time frame Regards Shortby shiv2798Updated 222
chennai petro with shivshort chennai petro between 379-380 sl 380.80 trg 377 375 and buy above 380.80 sl 379 trg 383 386 ....do own analisis and then only do trade this is stury perpose only..... by shiv_nUpdated 23
Chennai Petro Short for day trade I personally will be trading this stock tomorrow , I saw one have posted this as long but somehow failed to understand the direction , or May be failed to check the Weekly candle so posted as Long but the stock is heading for small correction , which I'm expressing here , I'm looking for short selling on small retrace around 361 with stop 363 for target of 355/352 lets see what happens tomorrow Cheers Shortby shiv2798Updated 4
Smart Money Investor Path Defination Please see initial investment made by Smart or Intuitional Investor from 26.10.2016 to 15.11.2016 investor fully loaded their money in to stock , then stock rises , 1st sell off or profit taking is at 11.01.2017 , then investor keep selling or transferring his stocks to amateurs who thinks stock will move like rocket , Second sell off 13.02.2017 before exit , Final selloff at peak high on 22.02.2017 now stock is running with amateurs , investors have pulled their money with good profit Please note this is for educational purpose only not for practice in the same manner Hope people who are still learning will try to understand this in easy manner using 01) Chaikin Money Flow index ,02) Money Flow Index please practice and do study from Investopedia about how the smart money enter the market and exit without being noticed by any one by shiv27982
ChennaiPetro - Long!Chennaipetro has formed 1. double bottom 2. falling wedge 3. Hidden bullish divergence. Buy above 368 with the stoploss of 363. Targets are 373 and 376.Longby vanathiUpdated 8812
Chennaipetro - Forming triangleChennaipetro is forming a triangle and consolidating. Daily chart also shows triangle formation. Watch the price action. I will update the entry, stoploss and targets after seeing the price action. by vanathiUpdated 558
Volume and the big game!I believe for every problem, there is a solution. This post is the follow up of "Chennai petro - running out of fuel". Big candle with huge volume indicates big players entered the game. If I am a big player, I wont enter a trade without 30 to 40 pts of profit. Big players entered at the price of 320 on Jan 4. And they exit at the price of 360 on Jan 24th. A good technical analyst is smarter than big players. He/she should have entered on 20th Jan at the price 330 and exit on Jan 24th at 355. Hence it is proved that TA is smarter tha big players!by vanathi229