Factors: Petroleum sector booming Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming The stock has potential to go beyond 130 in longer time.
PEER COMPARISONS: NSE: ONGC NSE: TIDEWATER NSE: IOC NSE: OIL NSE: HINDPETRO NSE: BPCL NSE: PETRONET NSE: SUPPETRO NSE: CHENNPETRO NSE: RELIANCE If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Comment
⋅
Slight mistake, informing right after posting: All the lows are "HigherLow" instead of "LowerLow".