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nagakrishna
Dec 29, 2017 9:34 AM

PETRONET 

PETRONET LNGNSE

Description

above the support and MA 20, MACD bullish cross over
weekly MACD is bearish, if it crosses red colored resistance, then weekly MACD may become bullish which will support further rise of the stock
Comments
HD_learner
Hi, could you let me know how have you arrived at the first resistance (red) line?
nagakrishna
@HD_learner, I have drawn that resistance line after repeated failing (October 1 time, November 2 times & December on more time) of daily candle to close above that line
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