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CHENNAI PETROLEUM facing strong resistance at current levels, will favor bulls once it closes and holds above.


CHENNAI PETROLEUM


  • Stock is moving in a range bound zone, chart indicates once stock comes out from its range then sharp movement is expecting.
  • Stock also finding 20 DMA resistance at current levels, once it holds and trades above then further strength can be see.
  • Chennai Petro also finding 23.6% fibonacci retracement resistance around 75. Bulls will be favored once it closes and holds above.
  • Visit this blog for free share tips on Indian stock market.

ABAN OFFSHORE facing strong trend line resistance around 530.


ABAN OFFSHORE


  • Stock facing strong golden ratio resistance around 530, chart indicates we can see come action once stock closes and holds above 530.
  • Stock also finding golden ratio resistance at current levels, once closes closes and holds above then further strength can be see in Aban offshore.
  • Aban also finding 50 days moving average resistance , as long as trades below bears will be favored once it closes and holds above 50 DMA then further strength can be seen. Close Watch.
  • Visit this blog daily for best intraday tips on Indian stock market.

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