FORMING POLE AND FLAG PATTERN BUY CMP TGT 60 KEEP SL 47-48
TN Petro has broken out of its 9 month old congestion trendline. the stock had broken out of the same trendline a few weeks back but broken down below it immediately and had restested and taken support at the previous resistance of 45.5. Since then, the stock has once again breached the 9 month old resistance trendline to the upside and closed above it both on a...
TNPETRO (Monthly):- BUY AT 48/44 RANGE for Target 70/78++ Stop loss 37 (WCB)
Buy between 51 to 48 Target1: 75 Target2: 90
Gap has been filled now and stock might turn soon. Keep an eye and enter once you see a bullish candle.
Stock trading in channel for long time, now break with good volume, buy with support 37 WCB
Super Breakout after years above 48.. Increasing Crude Prices is good news for this stock.. Peers like Manali and Panama Petro are helping further.. My Trading Plan clearly Explained in Charts.. Lets See..
Clear 3.5Yr resistance breakout with second heaviest weekly volume in 3.5 yrs. Excellent candles. Couldn't be much simpler!
In the last trading session, this stock gives a breakout from its consolidation zone between 30-47. This breakout happened with increasing buying volume so expected this stock reach soon 64+ in upcoming trading sessions. This rally can give more than 30% movement. Can go long with a very close stop loss at 45. So, Risk: Reward in this trade will be 1:8+.
buy above 51.50 and
* Two chart pattern completing at the same time (Inverted H &S and Rectangle ) High conviction set up .If it made above 200-day moving average. * All criteria fulfill in this stock . Thats why i am bullish in this stock.
Broken out almost 3 year resistance with good volumes