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Chennaipetro

CHENNAI PETROLEUM CORP LTDA stock that was strongly bullish for the past 1.5 years started declining from August 2024. In the weekly time frame, drawing a swing-based Fibonacci retracement shows that the current price has reached the **0.618 level**. This could be a good opportunity for either short-term or long-term investment, as the **0.618 retracement level** is considered a strong support zone where prices often bounce back. However, it's essential to confirm with additional technical indicators or market conditions before making a decision.
NSE:CHENNPETROLong
by Kannansen
Chennai Petroleum's Sharp Drop Hits All Targets in 15m TradeAnalysis: Chennai Petroleum (CHENNPETRO) displayed strong bearish momentum on the 15-minute chart using Risological Swing Trader , leading to a successful short trade where all targets have been achieved. Trade Summary: Entry Level: 912.85 Target Levels: TP1: 859.65 ✅ TP2: 773.50 ✅ TP3: 687.35 ✅ TP4: 634.10 ✅ Stop Loss: 955.95 Key Points: Consistent Downtrend: The stock has followed a consistent downtrend, highlighted by the descending red moving average, indicating continued selling pressure. Sector Impact: The broader energy sector may also be experiencing pressure, impacting stocks like Chennai Petroleum. Recent economic shifts could be contributing to the bearish outlook. Conclusion: The Chennai Petroleum short trade has successfully reached all marked targets. This movement reinforces the bearish sentiment in the stock, offering potential opportunities for traders monitoring short positions.
NSE:CHENNPETROShort
by ProfitsNinja
2
CHENNPETRO CHANNEL MOVEMENTNSE:CHENNPETRO pattern chart pattern observation in 2024. High Volume breakouts leading to all-time highs followed by retracement and support at the bottom of the channel. Overall channel movement is in the upward direction. Possible dip for the next ATH? Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. Consult your financial advisor before making any decisions. Study is neither advice nor endorsement.
NSE:CHENNPETROLong
by adhikarijayesh
MACD Crossover Swing Trade📊 Script: HINDUNILVR 📊 Sector: FMCG 📊 Industry: Personal Care - Multinational ⏱️ C.M.P 📑💰- 2231 🟢 Target 🎯🏆 - 2362 ⚠️ Stoploss ☠️🚫 - 2172 📊 Script: KPIL 📊 Sector: Capital Goods - Electrical Equipment 📊 Industry: Transmission Line Towers / Equipment ⏱️ C.M.P 📑💰- 1206 🟢 Target 🎯🏆 - 1272 ⚠️ Stoploss ☠️🚫 - 1176 📊 Script: CHENNPETRO 📊 Sector: Refineries 📊 Industry: Refineries ⏱️ C.M.P 📑💰- 942 🟢 Target 🎯🏆 - 999 ⚠️ Stoploss ☠️🚫 - 912 📊 Script: POWERGRID 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑💰- 281 🟢 Target 🎯🏆 - 298 ⚠️ Stoploss ☠️🚫 - 272 📊 Script: NATCOPHARM 📊 Sector: Pharmaceuticals 📊 Industry: Pharmaceuticals - Indian - Bulk Drugs ⏱️ C.M.P 📑💰- 999 🟢 Target 🎯🏆 - 1069 ⚠️ Stoploss ☠️🚫 - 965 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDUNILVRLong
by radha_23
1
NSE:CHENNPETRO - Can it break way multyear high this time?Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives. Company has reduced debt. Stock is trading at 0.92 times its book value Company is expected to give good quarter Company has delivered good profit growth of 31.1% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 54.7% Company's working capital requirements have reduced from 25.9 days to 11.0 days NSE:CHENNPETRO disc: No investment
NSE:CHENNPETRO
by Peaceful-Weekend-Investing
2
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...
NSE:CHENNPETROLong
by BitonGroup
5
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!!
NSE:CHENNPETROShort
by Swastik24