Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
Company has reduced debt.
Stock is trading at 0.92 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 31.1% CAGR over last 5...
as we can see the price was falling in an bearish channel and we have a bullish divergence on MACD which is showing the price reversal,
i see this stock as an undervalued stock as 100RS is a very cheap price for a petroleum company and we can see as the oil price is rising even the stock of the fuel companies will rise consequently,
with Current Ratio of 0.5863...
Massive dump ahead!!
The price has risen with strong momentum towards key supply zone which is exactly at FIB golden ratio.
Its time to convert your unrealized profits into realized profits before getting wiped out.
Weekly RSI is at highly overbought territory and is showing strong bearish divergence.
Technically price has reached its target, its time for a...
The stock chennai petro has given breakout from the symmetrical triangle. Buy the stock at current levels of 114 . The targets for the stock will be 142 which is 24.5% up from current levels.
Keep stop loss of 100 on day's closing basis.
**ideas are my own *** Please invest as per your risk taking appetite**
