chennai petro bullish flag patternchennai petro bullish flag pattern
can look for tp of 194-198 with sl of 89 on monthly cb
Disclaimer: only for educational purpose kindly consult your financial advisor before any investment
Chennai Petroleum Corporation Limited
No trades
Trade ideas
Buy Today, Sell Tomorrow: CHENNPETRO
DON'T HAVE TIME TO MANAGE YOUR TRADES? |
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
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 + Resistance Breakout in CHENNPETRO
Buy Today, Sell Tomorrow: CHENNPETRO
trade updateit might be face resistance from the above trendline (golden color).
whoever in trade can book their profits
Chennai Petro Long SwingChennai Petro's price had fallen by Rs 402 from 2017 to 2020, eroding 80% of the value. It has consolidated a bit from 2020 to till now, has broken the price barrier of 2020 and is looking good for upswing for long term (Can be anywhere between 6 months to 18 months).
YR 2022 Idea #23: Long on CHENNPETROThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
CHENNAIPETROLIUM TARGET 171CHENNAI PETROLEUM crossed the double bottom end line. Under bullish mode. Target 171
#CHENNPETROStock has given breakout from its long time resistance of 2020 after testing multiple times.. crossed 200 WMA as well.. a weekly closing above 200 WMA expected for Target 200/240
Chennai Petroleum - Swing LongChennaiPetro is presenting a great setup for a Swing Long as it is bouncing on a Trend Line
Will go Positional Long
CMP: 107
Target: 140
SL: 90
RR: 1.8
Weekly swing trade trendline breakout in wedge pattern
Good consolidation with mother bar candle at confluence zone
SL -5%
target- 147
target 162
CHENNPETROCHENNPETRO
CMP: 127
- Bounced from the weekly support (90)
- Descending Triangle pattern in weekly chart
- Need a follow through to confirm a Falling Wedge pattern breakout in daily chart
- Rising volumes
CHENNPETRO - Swing Candidate#CHENNPETRO
Buy-Above 117
Sl-100
T-140 150 175
The stock has made double bottom in weekly TF. Neckiline has been broken above 117. Target will be 145 and 170+.
RR is good here. But sl is a bit aggressive.
MOMENTUM PICK BUY 117-118.50 SL 113 TARGET 125-DKM SIR
I can see the upmove
buy and hold as p [er your risk
Chennai PetroChart is self Explanatory. All levels are marked on the chart with proper drawings indicating the support and resistance levels and Final Targets too if any one wants to get into long trade post the triangular breakout.
Trend Reversal and may complete Head and ShoulderShooting Star candle with good volume so one should book profits if taken a trade because trend reversal can happen and can complete Head and shoulder. No long trade advised.
CHENNAI PETRO (My Personal View)I Personally think that chennai petro was trying to make head and shoulders pattern to move upward.
lets see what happens next!
CHENNPETRO taking good support on trend lineChennai Petro is taking very good support on trend line and could show a good move upside for short term positional call. It is respecting trend line beautifully but still if it breaks downward then stoploss could be below 90. Remember this is only for study purpose please take advice from your financial adviser before investing
CHENNPETRO retracement from oversold levelsRSI in oversold zone and MACD crossover towards the upside
Company : CHENNPETRO
Entry Price : 113.7
Stoploss : 102.3
Target 1 : 125
Target 2 : 130
CHENNAI PETRO POSITIONAL BUYCHENNAI PETRO CMP 114.20 (POSITIONAL BUY)
OVERSOLD & AT DEMAND ZONE.
IT CAN GIVE GOOD BOUNCE UPTO 129 LEVEL.
STOP LOSS 109 (CLOSING BASIS)
RISK REWARD ALMOST 3:1
FOR EDUCATIONAL PURPOSE ONLY.
CHENNPETROThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
DAILY SWING CALL / Wednesday 16th of June 2021 / NSE: CHENNPETRODAILY SWING CALL // Wednesday 16th of June 2021 / NSE:CHENNPETRO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 135.2
TARGET: 155+ (15% Around)
STOP LOSS: 121 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Ready to fly Ready to fly invest for big profit in short term investment.
Staock is volatile in same range for many days .
Now a good selection to invest for target 149
With small target og 139
After achieve 149, I will post for square off or long position.
My previous ideas is going to be 🔥🔥 fire
