Double Inside Bar
Long above 233.25, SL PDL
Short below 225.35, SL PDH
If long triggers keep an eye on the hourly resistance zone near 236-237 lvls.
PDH = 232.70
PDL = 226
If gap up or down, follow 5m ORB.
As we see in the chart, MACD technical indicator is likely to converge and Williams R% indicating oversold at this value. So its seems to be right time to get into the stock for big returns.
LEVELS MENTIONED IN THE CHART.
RSI has strength to move up.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
Had been falling continuously for ~6 days, today was the first day to form a candle which broke yesterday's high
Go long, only if previous days high is broken with stop loss at previous days low
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the...
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NSE:CHENNPETRO
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