CHENNAI Petroleum CP is Undervalued,Worth investment 26/02/21as 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 it seems to me a very good investment opportunity as it is a dividend paying stock too
there are total of 3 targets to capitalize on
there are chances or more down fall even up to its ATL but yet it is worth of rebuying even at that low as we had 450rs for its ATH...
