USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
VODAFONE IDEA LTD, JET AIRWAYS INDIA, YES BANK, RELIANCE COMM LTD, INFIBEAM AVENUES L, PC JEWELLER LIMITE
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
WILL FILL GAP
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 22-Oct-2018 for CHENNPETRO
Buy Above(5Min candle close): 265.9 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and ...
LET SEE WHAT HAPPENS !!
LEVELS MENTIONED ON THE CHART
levels on chart
CHENNAIPETRO gapped down on 14 August, waiting for gap to fill
Chennai petroleum Corporation was gap down on 14 August 18
Gap Will be getting filled later
Initiate a Long trade on , from 303.5, SL @ 300.4, Targets (1) 307, (2) 311, (3) 315, (4) 319, (5) 321, (6) 325,(7) 326.
After completion of 1st target, revise stop to cost
Enter Long above 311
Target 315 & 319
POSSIBLE SHORT POSITION
2)CROSS 20,50 EMA
3)BREAKS TREND LINE WITH VOLUME
4)BROKE RISING WEDGE PATTERN
5)BREAK BELOW RESISTANCE LEVEL
Sell below 'Rs. 340'. Weak support at 'Rs. 340'. Price action also suggest prior resistance at 'Rs 345'
CHENNPETRO can be shorted near 350 with an stop loss of 360 for the target of 316
Price broke out of EMA 50 and also crossed last swing high of the down trend.
After breaking out price is in pullback mode which formed long tailed pin bar.
By looking at the pin it is seen that price is taking support on EMA 50.
MACD also confirms up trend as it has crossed zero line.
Looks like it is end of down trend.