Chennai Petroleum Corporation Limited
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Trade ideas
[Intraday] Weekend lvl 6 + bounce back from ~259 CHENNPETROHad been falling continuously for ~6 days, today was the first day to form a candle which broke yesterday's high
Go long, only if previous days high is broken with stop loss at previous days low
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 266.1
PDL 262
MyAlgo : xMRSI-Progresser: Intraday : 22Oct-CHENNPETRO-LongBased 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 -
T1: 267.9
T2: 269.1
T3: 270.3
SL: 263.8
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 please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)






















