CHENNPETRO - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.5

📊 Intraday Trading Analysis — CHENNPETRO

CHENNPETRO presents a volatile but risky setup for intraday trading today. While technical momentum is strong, the stock is fundamentally weak and earnings have sharply deteriorated, making it suitable only for short-term scalping with tight risk controls.

✅ Strengths Supporting Intraday Trade

Momentum Indicators

RSI at 64.9: Bullish zone, nearing overbought — indicates strength.

MACD at 19.4: Positive crossover — confirms upward momentum.

Price Action

Trading well above both 50-DMA (₹695) and 200-DMA (₹678) — bullish structure.

Current price (₹744) is near recent breakout levels.

Volume

Reasonable liquidity with 5.7L volume — close to 1-week average.

⚠️ Risks to Watch

Fundamental Weakness

ROCE (4.04%) and ROE (2.10%) are poor — inefficient capital use.

EPS is negative (₹-15.2) and PAT dropped from ₹450 Cr to ₹-56.6 Cr — sharp earnings reversal.

Valuation Uncertainty

No valid P/E or PEG due to negative earnings — difficult to benchmark.

FII Sentiment

FII holding dropped by 1.80% — foreign investors are cautious.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹738–₹742

Trigger: Price sustains above ₹740 with volume >6L in first hour

📈 Profit-Taking Levels

Target 1: ₹755 — minor resistance

Target 2: ₹765–₹770 — if momentum builds

🛑 Stop-Loss

₹728 — below VWAP and recent support

🕒 If You Already Hold Today

🔄 Exit on Weakness

RSI drops below 60 with declining volume

Price breaks ₹730 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹765+ with RSI >70 and volume >7L

MACD histogram flattens or turns negative — signal to book profits

This setup favors momentum scalping, not position building. If you'd like help setting up alerts or a live VWAP tracker for CHENNPETRO, I can guide you through that next.

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