CHENNAI PETRO POSITIONAL BUYCHENNAI PETRO CMP 114.20 (POSITIONAL BUY)
OVERSOLD & AT DEMAND ZONE.
IT CAN GIVE GOOD BOUNCE UPTO 129 LEVEL.
STOP LOSS 109 (CLOSING BASIS)
RISK REWARD ALMOST 3:1
FOR EDUCATIONAL PURPOSE ONLY.
CHENNPETRO trade ideas
CHENNPETROThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
DAILY SWING CALL / Wednesday 16th of June 2021 / NSE: CHENNPETRODAILY SWING CALL // Wednesday 16th of June 2021 / NSE:CHENNPETRO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 135.2
TARGET: 155+ (15% Around)
STOP LOSS: 121 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Ready to fly Ready to fly invest for big profit in short term investment.
Staock is volatile in same range for many days .
Now a good selection to invest for target 149
With small target og 139
After achieve 149, I will post for square off or long position.
My previous ideas is going to be 🔥🔥 fire
Double Bottom Pattern. Breakout doneAs the stock has crossed the neckline we can go long for this stock
CHENNAI PETRO WEEKLY CONSOLIDATIONCHENNAI PETRO WEEKLY CONSOLIDATION POST BREAKOUT GOOD MOVEMENT EXPECTED
Chennai Petro. Target 100%/ This is the weekly chart of ChennaiPetro. Expecting a huge upmove coming weeks. The only skeptical thing is the consecutive green candle in the week without any retracement. So be sure to limit you loss.
Chennai Petro - SWING and INTRADAYStock has broken the resistance zone with good volumes.
If moves above today's high in next session then can go long in Intraday (with half quantity)
Swing: Stock might re-test the BO zone of 130-132 and then continue further up move
Chennai Petrolum - CMP: 129The stock has given Wedge Breakout on the daily chart. All oscillators are in bullish bios. We can expect a price target of 165 in the near terms.
Chennai petro #Refineries for short term🎯🎯there is an short term term opportunity in Chennai petro.
➣ Stock in weekly resistance zone.Anytime breaout possible
➣ Promising chart,ascending & symmetric triangle pattern in the chart.
➣ Good time to Enter.
➣ In last 3 months, mutual fund holding of the company has increased by 1.64%.
➣ Good Q4 numbers published.
Note guys this is not a buy recommendation.Do your study 🙏
Like🔹Comment🔹Support
#CHENNPETRO Trendline breakout#CHENNPETRO After two years, Chennai petro has broken the trend line. This could possibly result in a good upward movement. Would definitely recommend it as it is good for a long term position
Educational purpose only - trade at your own risk.
Goodluck.
LAOPALA : Positional
> Daily Chart
> debt free Company
> Good Volume
> BO after accumalation
> CMP 258. Good to enter till 244 during.
> Suport 200 on closing basis
> May go 300, 332 amd ATH (in 2-3 years)
Dtd : 23rd May TheCharts
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CHENNPETRO : Read for BOCHENNPETRO
> Daily Chart
> If open and sustain above 127.75 by Monday.
> Good Volume
> Reversinge from low level
> Promotorr holding 67.29, DII increased holding from 4.91 to 6.55 (Mar21)
> CMP 127.45. Good to enter till 124 during.
> Suport 114 on closing basis
> May go 164
Dtd : 23rd May TheCharts
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CHENNPETRO CHENNPETRO (Weekly):- CMP 126 Looks good for upside :)
1) Multiyear Breakout :)
2) Huge Volume + MACD Divergence
