chennpetro looking for good uptrend
waiting for the trigger above 86! NSE:CHENNPETRO
Please do your own research before trading or investing.
Chennai Petro - Bearish Bias - Can short at current levels.
By viewing the previous charts we come to a conclusion that it has formed a strong RESISTANCE and SUPPORT zone on its downtrend. buy it when the price reached near the support zone. happy trading
Support at around 220. Stock currently in downtrend in monthly/weekly/daily timeframe Short below PDL (226) and watch out for bounce at support.
Flag area consolidation for Chennai Petro long.