CHENNPETRO - weekly AnalysisIn the Weekly Chart of CHENNPETRO ,
we can see that, it has given Cup & Handle Chart Pattern breakout.
it can fail coz it has moved in one One direction.
CHENNPETRO trade ideas
Chennai PetroChennai Petro - Long
Investment Trade - Long Term ( year+ )
- Analysis done is weekly time frame
- Strict SL given
- Keep averaging as near as SL
- Book your 50% profit on target ( green zone ) 25% at 700 last 25% at 900
Chennai Petro (Swing):Chennai Petro (Swing):
A 30-40% up move is on the cards.
Note: Do your own due diligence before taking any action.
CHENNPETROIn the Daily chart of CHENNPETRO ,
we can see that, it is forming Inverted Head & Shoulder.
Also, 250 level is tested multiple time
Enter on breakout with SL.
Hold long for 320 target.
Hi everyone i have found pattern on chart chennaipetroi have mark level on chart is breakout happen and be ready for it
Short below 220: long above 243If the price goes below 210 before or up to Wednesday good time to short
if the price goes above 243 after Wednesday good time long
These are my analysis on this stock #notadvice just sharing learnings
Chennai Petro Falling Wedge AnalysisChennai Petro Falling Wedge Analysis 🔥🔥🔥
The above chart of Chennai Petro laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Chennai Petro is currently trading around 238Rs. If the pattern broke through the resistance, the price of Chennai Petro might reach the resistance levels of 285Rs. If the trend reverses, then the price of Chennai Petro may fall to 220Rs
Trading Level
Buy Level 248
Target 285
Stop Loss 220
Happy Trading
CHENNAI PETRO POSITIONAL VIEWNSE:CHENNPETRO
My view on Chennai Petro.
Target would be 354. STOP Loss will be 280 Only.
Chennai Petroleum Corporation Trend AnalysisMassive dump ahead!!
The price has risen with strong momentum towards key supply zone which is exactly at FIB golden ratio.
Its time to convert your unrealized profits into realized profits before getting wiped out.
Weekly RSI is at highly overbought territory and is showing strong bearish divergence.
Technically price has reached its target, its time for a sell off.
Fundamentally, debt/equity has increased too much to concerning level of 3.31
Promoters may sell off to reduce their debt.
Anything can happen.
Better to stay away from FOMO because of news that Dolly Khanna bought these shares.
She can wait for years, retail public cannot.
I have highlighted key support level around 150 for a possible bounce.
Best level to accumulate is around 100-125 level highlighted as green zone.
Do your own due diligence before taking any action.
Peace!!
MULTI BAGGER INVESTMENT🤑🤑🎉 CPCLTechnically stock at its supply zone and above 200DMA with super volume
Fundamentally recent quarter result was superb and other aspect is also good. KEEP A EYE ON THIS
Chennai Petro: Symmetrical triangle breakThe stock chennai petro has given breakout from the symmetrical triangle. Buy the stock at current levels of 114 . The targets for the stock will be 142 which is 24.5% up from current levels.
Keep stop loss of 100 on day's closing basis.
**ideas are my own *** Please invest as per your risk taking appetite**
Chennai Petro Breakouthi,
This is my first priceaction plot. I see chennai petro is at the resistance level. So there is a possibility to go up. Please lookout for the breakout. Not recommended to trade.
EWP calculation [symbol="NSE:CHENNPETRO"]NSE:CHENNPETRO[/symbol]waiting for the trigger above 86! NSE:CHENNPETRO
