Chennai Petroleum: Flag Breakout Incoming ? ? ?

Long

CHENNAI PETROLEUM CORPORATION (BSE_DLY:CHENNPETRO)

BSE_DLY:CHENNPETRO CHENNAI PETROLEUM CORPORATION

• Strong Previous Breakout: The last breakout candle signaled bullish momentum

• Weak Pullback: Recent pullback candles show minimal selling pressure

• Drying Up Volume during pull back: Signaling the pull back validity

• EMA 11 Support: Potential bounce point near the 11-day EMA

• High Momentum: Trading above the major moving averages

This is not financial advice, but Chennai Petroleum could be worth watching !

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