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Chennai Petroleum Corporation LimitedChennai Petroleum Corporation LimitedChennai Petroleum Corporation Limited

Chennai Petroleum Corporation Limited

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CHENNPETRO - Long Setup, Move is ON..NSE:CHENNPETRO ✅ #CHENNPETRO trading above Resistance of 380 ✅ Next Resistance is at 434 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:CHENNPETROLong
by Sandeep_Aggarwal
2
Chennai Petro Expanding flat correctionStock near ATH, it has completed Expanding flat correction on Monthly scale. Following third wave rally should be huge. Had checked basic fundamentals looks attractive. Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky. Target 3x-6x based on fib extension 2.618-4.618 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:CHENNPETROLong
by Niftydirection
CHENNPETRO - Ichimoku Bullish Breakout Stock Name - Chennai Petroleum Corporation Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 278 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:CHENNPETROLong
by nikunjbhadja
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in CHENNPETRO BUY TODAY SELL TOMORROW for 5%
NSE:CHENNPETROLong
by Kapil-Mittal
4
CHENNPETROCHENNPETRO:- Formed a rounding bottom and consolidating near the resistance, if the breakout together sustains above, we can see the stock going upside. keep in radar Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CHENNPETROLong
by AjayDhakad_Keep_it_simple
Chennai Petro Falling Wedge AnalysisChennai 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 reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down. Chennai Petro is currently trading around 238Rs. If the pattern broke through the resistance, the price of Chennai Petro might reach the resistance levels of 285Rs. If the trend reverses, then the price of Chennai Petro may fall to 220Rs Trading Level Buy Level 248 Target 285 Stop Loss 220 Happy Trading
NSE:CHENNPETROLong
by TheNewsCrypto
Chennai Petro CP_ Positional TradeThose 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 is blasting. 2.Last month stock gives strong closing above AVWAP(2008 Crash Basis) with decent volumes. 3.RMI>50 and crossing WMA with wide gap.
NSE:CHENNPETROLong
by Stockhead69