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Chennai Petroleum Corporation LimitedChennai Petroleum Corporation LimitedChennai Petroleum Corporation Limited

Chennai Petroleum Corporation Limited

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Chennai Petroleum for 85%+ gainsDate: 23 Oct’24 Symbol: CHENNPETRO Timeframe: Daily The 14th Oct post is not visible somehow so posting the same chart. Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000. This is not a trade recommendation. Please do your own analysis. Chennai Petroleum Corp Ltd vartamaan mein Wave 4 mein dikh raha hai jo 780-820 ke aaspaas samaapt ho sakta hai, jise chart mein Demand zone ke roop mein dikhaya gaya hai. September quarter ke result acche nahi aaye hain to Wave 4 thoda lamba chal sakta hai. Wave 5 tab lagbhag 1500+ star (Wave 4 ke ant se 85%+) tak pahunch sakta hai. Target par adhik spashtata ke lie ham iski sameeksha tab kar sakate hain jab yah 1000 ke paar chala jae. Yah koi trade lene ki salah nahi hai. Kripya apna vishleshan khud karein.
NSE:CHENNPETROLong
by DhandhaPaani
Dividend Star: Chennai Petroleum Corporation LtdCPCL has taken strong support from 872 levels. It is trading near 20 EMA levels of 923. Resistance levels: 1002, 1072, 1217 Support levels: 899, 797 One can accumulate for the long term for a good dividend yield. Pros: The company has decreased its debt. The stock offers a commendable dividend yield of 5.98%. The company has achieved a commendable profit increase of 71.2% CAGR during the last five years. The company has a commendable history of return on equity (ROE). Three-Year Return on Equity: 53.9%
NSE:CHENNPETROLong
by shanmurali
1
Chennai Petro Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Feb 2024 to July 2024 its in range. * From Feb 2024 to July 2024 Tested & Moving Resistance Many times. * It's break resistance Zone and trying to Sustain above Resistance Zone with good volume. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Fundamental Analysis Industry - Refineries Variance Full Year Net Profit Variance - 22 Equity Latest Equity - 148.91 Face Value Latest Face Value - 10 Reserves Total Reserve - 8672.01 Dividend Full Year Dividend % - 550 Sales Turnover Full Year Net Sales - 66385.73 Net Profit Full Year Net Profit - 2745.07 Full Year CPS Full Year Cash Per Share - 225 Earning Per Share Full Year Earning Per Share - 184.3 Mar 1, 2024 Latest Quarter Sales - 17720.18 Book value - 592.4 Networth Full Year Return on Networth - 63.45 Price to Book value - 1.834909 Yearly PE ratio Full Year Price to Earning per share - 5.9 Full Year Price to Cash Per Share - 4.8 BSE Value in lakhs - 2737.22 NSE Value in lakhs - 27755.57
NSE:CHENNPETROLong
by ChartSight
1
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Weekly Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress Please Note: - Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing - Always work in probabilities and always keep your SL in play constantly * Disclaimer
NSE:CHENNPETROLong
by TradeRyteStockz
CHENNAI PETRO ( Study Purpose)REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure. GOI has started revising windfall taxes upwardly due to recent higher crude oil prices. SL only if crude oil starts falling sharply. SL If stock prices start moving above Rs1100. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member. Not invested yet.
NSE:CHENNPETROShort
by nitinKgupta
CPCL buy entry1. Market is trading in the channel pattern. 2. After touch the channel support, stock forms higher high and higher low. 3. Now touch the previous higher high and fill the gap (fvg) 4. Display hammer candle. Take buy trade 917 price and target 1120. If incase stock rejects in resistance 1 (990 price) and close below previous day low. Then exit your position. That's means big investor doesn't participate in the market. SL - 872 Note : I am not Sebi register advisor. I just tell my opinion, analysis from your side and take decision.
NSE:CHENNPETROLong
by Guru7208
5
CHENNPETRO - Long Setup, Move is ON..NSE:CHENNPETRO ✅ #CHENNPETRO trading above Resistance of 866 ✅ Next Resistance is at 1090 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CHENNPETRO
by Sandeep_Aggarwal
Chennai Petroleum Corporation Limited - Multiyear Breakout #CHENNPETRO CMP ₹: 720.8 Date : 07-01-2024 Chennai Petroleum Corporation Limited is an India based petroleum refining company. It's an undervalued and cheap stock . Now trading in its 52 week high level with improving fundamentals. A zero promoter pledge company with reducing debt.ROA , ROE & RoCE improving for the last 2 years.Profit margin also improving YoY. Already given a breakout of its 16 years resistance trend line. Now moving through an upward parallel channel for last 3 months. FIIs are increasing stake in this undervalued hidden gem. 1000 to 2000 levels are not so stoploss below @ ₹. 675 levels. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
NSE:CHENNPETRO
by DevanNaayar
consolidation breakout trading opportunity in CHENNPETROCHENNPETRO consolidating after a big rally, and the stock is in a strong up trend ( stage 2) now the range of the price ( narrow range candles) is tight and volume dried, and today price range expands with increased volume. follow-through range expansion happens it will be a potential short-term swing trading opportunity. DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor
NSE:CHENNPETRO
by Rajachandrasekaran
CHENNPETRO - Multi-year BreakoutChennai Petroleum Corporation Limited (CPCL) is a company, which offers high speed diesel (HSD) and motor spirit (MS). The Company operates in the downstream petroleum sector. TTM EPS: 116.21 TTM PE: 4.12 P/B: 2.39 Mkt Cap (Rs. Cr.): 7,126 Dividend Yield: 5.64 Sector PE: 30.01 Book Value Per Share: 200.57 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Strong Annual EPS Growth New 52 week high today Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Company reducing Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Some Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit Fall in Quarterly Revenue and Net Profit (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:CHENNPETROLong
by babutaaniket
1
Chennai Petro - Multi Year BreakoutCant Miss this Breakout !!! Look Closely Counter is breaking multiyear High of Nov 2007 and Oct2017. Forming a Double Bottom as well in this Process. The Oil & Gas Index has also given a monthly Demand Zone Pull and the Index itself is moving +500 Points. This is supporting my logic Should go a Long way if the breakout above 445 sustains. Take entry at CMP 441-445 T1 - 478 shorterm T2 - 557 midterm T3 - 700 Long Term SL - 424 Fundamentals for Value Investors Strong Annual EPS Growth High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio Effectively using its capital to generate profit - RoCE improving in last 2 years High growth and High Return on Equity (ROE) with Low PE ratio Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Strong Momentum: Price above short, medium and long term moving averages Annual Net Profits improving for last 2 years FII / FPI or Institutions increasing their shareholding
NSE:CHENNPETROLong
by MoneyMentors