NeeteshJain

Petronet Showing Weakness (Descending Triangle)

Short
BSE:PETRONET   PETRONET LNG LTD
It is been observed on the daily chart that the price action is forming a descending triangle indicating selling pressure by the big players. It shall further move down. Regards

Target 1: 370

Target 2: 360

Stoploss: 385
Trade active
Trade active
Trade closed: target reached: Target 1 and Target 2 reached successfully. Regards