NeeteshJain

Petronet - Ranging in Downward Trend Channel (Short)

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

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+1 Reply
Hi Neetesh Jain,

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