#CHENNPETRO - Monthly Break outChennai Petro is near to Monthly BO
Take entry based on daily candle closing basis
CHENNPETRO trade ideas
CHENNAI Petroleum CP is Undervalued,Worth investment 26/02/21as we can see the price was falling in an bearish channel and we have a bullish divergence on MACD which is showing the price reversal,
i see this stock as an undervalued stock as 100RS is a very cheap price for a petroleum company and we can see as the oil price is rising even the stock of the fuel companies will rise consequently,
with Current Ratio of 0.5863 it seems to me a very good investment opportunity as it is a dividend paying stock too
there are total of 3 targets to capitalize on
there are chances or more down fall even up to its ATL but yet it is worth of rebuying even at that low as we had 450rs for its ATH...
CHENNPETRO - Cup and handle i) it's making a cup and handle pattern
ii) Latest Quarter EPS better than the previous quarter
iii) FII and DII increased the stake
iv) upcoming dividend 27 rs.
Multi months breakout in Chennai PetroleumChennai Petroleum Corporation Limited - Falling trendline - breakout seen in the prices along with breakout in RSI. volumes, a bull sash candle, closed above EMA 61, all these are seen in the daily time frame, indicating a further up move in prices. Prices can move up at least up to 240 and above that, they can rally to 250 -275. Can be bought if the price corrects and sustains between 215 - 200 levels in small quantities. Stop-loss below 190 on a daily close basis. Holding duration 3-4 weeks. This call becomes invalid if prices open above 225 or below 195.
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.
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**
