TN PETRO--accumulate LRHR stock
diamond formation in stock
A diamond formation in stock trading is a technical analysis pattern that signals a potential reversal of an uptrend or downtrend1
. It's called a "diamond" because the trendlines connecting the peaks and troughs of the stock's price action form a diamond-like shape. BUY on every dip for multiple return we have a 5th wave target of above 150 Rs.
TNPETRO trade ideas
TNPETRO RETESTTNperto can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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Tamil nadu Petroproducts keep it in watch listTamil nadu Petroproducts can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
TNPETROTNPETRO has given a breakout and now there is one small resistance at 114,
Above that good rally can be triggered for 136 and then 152.
yesterday was a huge volume seen.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Seems to be back on trackImpressive recent gains observed.
Crucial: Weekly close above 98 needed to signal more potential upside.
A successful breakout from TRR may pave the way for significant advances.
If the breakout fails, anticipate a retest of the lower green TSR (COVID level support range).
Stay attentive to key levels!
TN PETROaccumulation going on between 77 and 83 once crosses 84 level you wil see power returning and on breakout can target minimum 94 level. PE 8.9 BOOK Value 92 dividend yield 1.87 . roce 15.4 .roe 12 .DEBT free. clients HUL, JYOTI Capex of 435 Cr funded from internal accrual . New capacity to come up in next quater.
TN petro buyEPS of rs 10 book value rs 91 . crude prices have been down for june qtr, expended capacity to be coming up in next 3 to 4 month time , company debt free and expended capacity from internal accrual. buy once breakout above 80 will show real power. Accumulate for long and target of above 150
TNPETRO looks good cmp 110
date 1/1/2022
trgt red lines
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.