DSKF16
Long

PETRONEL: BULLS WATCH Series #1

NSE:PETRONET   PETRONET LNG
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PETRONEL: LTP @ 217.50 (Cash), @ 218.50
Why BULLS Prefer this Stock as SWING / Positional / Intrraday Trade?
#1. In ICHIMOKU Cloud , Tenkan-Sen (@ 215.81) Turn from DN to Flat.
#2. 20SMA (@ 216.63) < CLOSE (@ 217.50) < 50SMA (@ 217.67)
#3. Last Trading Day Crossed BASE Line from BELOW.
Other Technical Indicators Showing Strength.

Go LONG: Aggressive not Above +0.50%
Best BUY: @ 215.20 to @ 216.35
Strong above @ 219.25.
TGT: @ 220.15, @ @ 222.35, @ 225.50 - @ 227.25 (HZ), @ 229.50
More on Chart.
SL: 211- (by Closing)

For FnO Traders:
GO LONG with Hedge with nearer PUT Option.
As premium is 1.00 Point,
TGT: Add 0.70 to 1.20 Point to Cash Price TGTs.

Query accepted for more FnO Strategy.

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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Nice Presentation. Bought at 216.15 . Good work.
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