HARMONICSANAND

PETRONET : positional buy ?

Long
NSE:PETRONET   PETRONET LNG
stock is trading in triangle pattern , near lower trend line support .
will take a reversal near 222 to 218 price zone.
that is bullish harmonics PRZ too.
compression zone is 250 price zone & breakout level
cmp 228
best buy in zone 222 to 218
or accumulate till 218
keeping stop loss as 210 on weekly closing basis buy for
short term targets : 238/244/253+ (breakout level)
breakout targets : 262/274/283/299 (macro view)

Comments

It has become customary to have a knee-jerk reaction nowadays on the basis of quarterly results. For the seasoned and wily investors it is an opportunity to buy and sell based on long term perception of the company and the industry.
+1 Reply
HARMONICSANAND krishnangs91
@krishnangs91, exactly precise to point...
Reply
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