So for short term buy at CMP with SL- 190. First target is 250. The sequential target is 325-330 levels for long term.
Friday, September 4, 2009
Chennai Petro
Chennai Petro is looking very good for both medium term and long term. On the weekly charts, the stock has come out of a long term downtrend with huge volumes. The indicators are also good. The moving average has had a crossover and the MACD is giving positive divergence. On the daily charts, the stock has formed a rounded bottom and now gave a breakout over 210.
So for short term buy at CMP with SL- 190. First target is 250. The sequential target is 325-330 levels for long term.
So for short term buy at CMP with SL- 190. First target is 250. The sequential target is 325-330 levels for long term.
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This recommendation (Chennai Petro) is soon going to reach its short term target of 250. Please book partial profits there.
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