NeeteshJain
Short

Petronet - Ranging in Downward Trend Channel (Short)

BSE:PETRONET   PETRONET LNG LTD
On hourly chart, the price action is trending in a downward trend channel as it is making lower Lows (LL) and Lower Highs (LH) indicating weakness and bearishness.

Refer to educational series on Channels to understand it better. (Links provided below)

Target: 317.50
Stoploss: 340

Comments

Also this may help- Double top for free ;)

+1 Reply
Hi Neetesh Jain,

Something to look out for - PETRONET Short hourly
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out