PETRONET | Flag formation , looks good for 24% Long

PETRONET LNGNSE

Description

⋅ Dec 3, 2020 11:57 AM

PETRONET | Flag formation , looks good for 24%

CMP : 256 (Dip till 250 as we have recent Flag support)
SL : 245
Target : 280, 315

1:3 risk reward setup for first target

(Attached weekly chart in comment section for the second target view)

Comment

⋅ Dec 3, 2020 11:57 AM

Projection for second target

Comments

nsb64y

⋅ Dec 3, 2020 4:09 PM

I looked at the hourly chart for this stock; held on to long position in intraday; paid-off at the very end

Ramprasadh

⋅ Dec 3, 2020 12:38 PM

nice idea ! any suggested time frame to reach the target ?

srikartiram

⋅ Dec 3, 2020 12:50 PM

@Ramprasadh, I'm sorry i dont time the market. Based on time frame and pattern formation, may be we can say 2-3 days to reach the target.

Ramprasadh

⋅ Dec 3, 2020 12:57 PM

@srikartiram, Thank you ji :)

abhijeet2626

⋅ Dec 20, 2020 11:19 AM

Will it cross 270 this week...I hv 270 call