Multiyear Breakout!!
Hello Traders,
Sharing this weekly chart of Chennai Petroleum Corporation, there is almost a 15-year range from which a breakout is given by the stock, in the volume profile you can see the yellow volumes are decreasing as the stock is moving up which indicates strength that more buyers are there compared to sellers.
Fundamentally the stock has been doing good for the past 3 years.
SL Price- 340
Targets- 1-643, 2-778, 3-1047
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
Sharing this weekly chart of Chennai Petroleum Corporation, there is almost a 15-year range from which a breakout is given by the stock, in the volume profile you can see the yellow volumes are decreasing as the stock is moving up which indicates strength that more buyers are there compared to sellers.
Fundamentally the stock has been doing good for the past 3 years.
SL Price- 340
Targets- 1-643, 2-778, 3-1047
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
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