Chennai Petro- The excitement is yet to come with channel break
I have tweaked with my counts as compared to the last update as mentioned below which is a complete chain of the fall from 312 highs, but likely you should not confuse yourself with my counts-these are for my reference.
ChennaiPetro has bounced quite substantially from lows@277 to kiss our target zone of 292-293 as per previous updates.
Look for a channel break for confirmation that prices indeed want to head down or even if the prices goes below 290 mark & sustains below that level -in that case we shall look for target zone 281-282 which is the prior swing low from current highs of 293.80
Going below 281-282 zone - channel gets broken & it will confirm that CP indeed is looking down.
ChennaiPetro has bounced quite substantially from lows@277 to kiss our target zone of 292-293 as per previous updates.
Look for a channel break for confirmation that prices indeed want to head down or even if the prices goes below 290 mark & sustains below that level -in that case we shall look for target zone 281-282 which is the prior swing low from current highs of 293.80
Going below 281-282 zone - channel gets broken & it will confirm that CP indeed is looking down.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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