stock is in uptrend
Stock is providing a good dividend yield of 5.63%.
Company has a good return on equity (ROE) track record: 3 Years ROE 27.80%
Company has been maintaining a healthy dividend payout of 23.47%
When 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.
Chennai 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 467