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.