Chennai Petro Expanding flat correction
Stock near ATH, it has completed Expanding flat correction on Monthly scale.
Following third wave rally should be huge.
Had checked basic fundamentals looks attractive.
Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky.
Target 3x-6x based on fib extension 2.618-4.618
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Following third wave rally should be huge.
Had checked basic fundamentals looks attractive.
Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky.
Target 3x-6x based on fib extension 2.618-4.618
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
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