CHENNAI PETRO WEEKLY CONSOLIDATIONCHENNAI PETRO WEEKLY CONSOLIDATION POST BREAKOUT GOOD MOVEMENT EXPECTED
Chennai Petroleum Corporation Limited
No trades
Trade ideas
Chennai Petro. Target 100%/ This is the weekly chart of ChennaiPetro. Expecting a huge upmove coming weeks. The only skeptical thing is the consecutive green candle in the week without any retracement. So be sure to limit you loss.
Chennai Petro - SWING and INTRADAYStock has broken the resistance zone with good volumes.
If moves above today's high in next session then can go long in Intraday (with half quantity)
Swing: Stock might re-test the BO zone of 130-132 and then continue further up move
Chennai Petrolum - CMP: 129The stock has given Wedge Breakout on the daily chart. All oscillators are in bullish bios. We can expect a price target of 165 in the near terms.
Chennai petro #Refineries for short term🎯🎯there is an short term term opportunity in Chennai petro.
➣ Stock in weekly resistance zone.Anytime breaout possible
➣ Promising chart,ascending & symmetric triangle pattern in the chart.
➣ Good time to Enter.
➣ In last 3 months, mutual fund holding of the company has increased by 1.64%.
➣ Good Q4 numbers published.
Note guys this is not a buy recommendation.Do your study 🙏
Like🔹Comment🔹Support
#CHENNPETRO Trendline breakout#CHENNPETRO After two years, Chennai petro has broken the trend line. This could possibly result in a good upward movement. Would definitely recommend it as it is good for a long term position
Educational purpose only - trade at your own risk.
Goodluck.
LAOPALA : Positional
> Daily Chart
> debt free Company
> Good Volume
> BO after accumalation
> CMP 258. Good to enter till 244 during.
> Suport 200 on closing basis
> May go 300, 332 amd ATH (in 2-3 years)
Dtd : 23rd May TheCharts
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CHENNPETRO : Read for BOCHENNPETRO
> Daily Chart
> If open and sustain above 127.75 by Monday.
> Good Volume
> Reversinge from low level
> Promotorr holding 67.29, DII increased holding from 4.91 to 6.55 (Mar21)
> CMP 127.45. Good to enter till 124 during.
> Suport 114 on closing basis
> May go 164
Dtd : 23rd May TheCharts
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
CHENNPETRO CHENNPETRO (Weekly):- CMP 126 Looks good for upside :)
1) Multiyear Breakout :)
2) Huge Volume + MACD Divergence
CHENNAI PETRO CUP AND HANDLE PATTERN ON WEEKLY CHARTCPCL is making cup and handle pattern on weekly chart and ready give breakout in coming days with heavy volume.
If stock give closing on weekly chart above the trend line, we can expect target of RS 250-280 in long term.
IOC LTD is holding 51.89% percent in company.
Target for 3-12 month RS 160
Target for long term RS 250--280 which around 110% or more from the CMP
Its not any tip or recommendation, do your own analysis.
Chennai petro cup & handle formation1. Cup and handle formation
2. Bullish engulfing pattern
3. 20&50 EMA crossover
4. Rising volumes
5. Supertrend buy signal
This shall definitely fly
Only for educational purpose
Another Break Out in the works? Keep Tracking - POSITION TRADEVoulme increase happening slowly. It's steady . A sudden Jump can happen. Keep a close watch at 116
