praveen.bhatiya

Broadening Wedge

Long
praveen.bhatiya Updated   
NSE:CHENNPETRO   CHENNAI PETRO CP
Stock has been moving in the Broadening Wedge boundaries making nice alternate touch. It has bounced from the lower boundary and retested it again today. RSI coming out of overbought zone. Ideally any closing above 309 should trigger a long trade however aggressive trader can buy the stock now for a target of 335.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: stop reached

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