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pradipandsuvra

Petronet LNG: Bullish Pattern formation

Long
PETRONET LNG (NSE:PETRONET)  
pradipandsuvra Updated   
NSE:PETRONET   PETRONET LNG
Wedge petronetanalysis indianstockmarket
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wedgepattern petronetanalysis indianstockmarket
PETRONET is showing an interesting breakout pattern.

It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume.

Structure wise it is also creating an higher high patten.

Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.

Comment:
Today's Anil Singhvi ji in ZeeBusiness also mentioned this stock for a 350+ target for 1 to 2 yrs.
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