Chennai Petrolium breakout

2022년 4월 5일

1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop

after a long downtrend since June 2021, CHENNPETRO has given a high volume breakout today. The company posted a quarterly sales growth of 68%, quarterly profit growth of 141%, TTM sales growth of 60% and TTM profit growth of 135% in December quarter. Buy with a stop just below Rs.133.

2022년 4월 11일

노트

Up by 9%. Buy call given on 5th April.

2022년 4월 29일

노트

CPCL up by another 10%. Buy call given on 5th April. Partial profits can be booked here.

2022년 5월 2일

노트

CPCL doubled from initial buy within 1 month. If half quantity is sold then other half will be free.