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
Also this may help- Double top for free ;)

+1 Reply
Hi Neetesh Jain,

Something to look out for - PETRONET Short hourly
+1 Reply
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