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Chennai petro forming cup with handle pattern on daily chart. One can buy@cmp OR above 116 with SL 87.90 for target of 165.
CHENNPETRO CMP 104.45 facing small resistance around 108 once it break stock will reach 120-140-160 levels with the support of 95 If not Break 108 might be correct 95-85 levels also good level to buy.
buy at cmp add in dips till 96 Sl below 90 DCB
Buy level 75-77. SL around 70, Target as per Fibonacci shown in chart. NOT an investment/trade recommendation... Do your own study and risk mgmt.
Looks like the stock has bottomed around 50 and bouncing up with volume since May 2020. Good buy around 75-77 range. SL 60 TGT 90 & 150+ Safe traders can wait for box break out. Long term pick. Trail your SL.
Wait for the PB and enter the trade around the BO levels.
Buy at 58.5. For those who already have it in portfolio. It will give an opportunity to exit at below levels. T1 = 105 T2 = 120 T3 = 135 Might test patience.
Triangle Pattern Breakout @81.35, 10 point up movement may be expected
#CHENNAIPETRO #TF_1D #Flag #Penant #Wpattern Q1 Results : posts lesser growth. Chances are it will trade towards the lower trendline which gives us a chance to short with a target of 81-80. SL : 90 Please note this is my view. Request you to consult your financial advisor before investing.
Note: This is for educational purpose only.
I am not SEBI registered analyst, plz do your own Analysis before trade I just published my Idea
The stock had shown great volumes yesterday, with the current bullish scenario i Think this stock can return decent returns in near future. Postional 5/15 days call. Lets see STOCK IS NOT FOR TRADING....ONLY INVESTMENT PURPOSE.
accumulate stocks with whatever small profits you have for intraday, with low input costs the stock can give a good return in time