CHENNAI PETRO CP CHENNPETRO

EquityTrader08

Chennai Petroleum has taken trendline support . Can be bought around 200-207 levels. Looking good for 230-240 levels in short term

TheNewsCrypto Premium

Chennai Petro Falling Wedge Analysis 🔥🔥🔥 The above chart of Chennai Petro laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish...

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ashishlele29

All recommendations are based on trendline analysis. Please do your own analysis before taking any trade.

Wealth_Engr Pro

Chennai Petro buy at 266.5 Buy at 266.5 Buy more at 278 Sl at 243 on DCB Target 420

IITIAN_TRADER

The volume has dried up and the price is consolidating. This will be a very good risk-to-reward ratio.

rdkriplani Premium

One of the few stocks which didn't fall much during the correction and before that its been one of the sharpest risers. With global refining margins up this stock will be one of the biggest beneficiaries. 50% long at CMP and 50% above 292. Stoploss after the first trade at 260. The stock still seems to be in momentum after the short pause.

krishnakhanna Premium Updated 

Binet Formation Detected

Stockhead69

Those want to take positional trade for a minimum holding period of 12-24 months can enter into Chennai Petro CP for 2-3 times fold returns. Stop loss can be maintained at 250 which is weekly 9 SMA and further can used as trailing stop loss in future to exit if give closing below the same. Reason to take entry in this trade. 1.In monthly chart Bollinger Band...

akashbothra Updated 

1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c....

mdamin786 Updated 

chennai petro bullish flag pattern can look for tp of 194-198 with sl of 89 on monthly cb Disclaimer: only for educational purpose kindly consult your financial advisor before any investment

Kapil-Mittal Premium Updated 

DON'T HAVE TIME TO MANAGE YOUR TRADES? | - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA - SL can also be maintained as 1% or closing below the low of breakout candle Levels mentioned on the chart are...

mahhisingh

it might be face resistance from the above trendline (golden color). whoever in trade can book their profits

ValleyInvestor

Chennai Petro's price had fallen by Rs 402 from 2017 to 2020, eroding 80% of the value. It has consolidated a bit from 2020 to till now, has broken the price barrier of 2020 and is looking good for upswing for long term (Can be anywhere between 6 months to 18 months).

onerighttrade Premium

This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...

ganeshkrupa Pro

CHENNAI PETROLEUM crossed the double bottom end line. Under bullish mode. Target 171

pranav493

Stock has given breakout from its long time resistance of 2020 after testing multiple times.. crossed 200 WMA as well.. a weekly closing above 200 WMA expected for Target 200/240

captainarora Pro+ Updated 

ChennaiPetro is presenting a great setup for a Swing Long as it is bouncing on a Trend Line Will go Positional Long CMP: 107 Target: 140 SL: 90 RR: 1.8

mahhisingh

trendline breakout in wedge pattern Good consolidation with mother bar candle at confluence zone SL -5% target- 147 target 162