Petronet
Bullish
Daily closing above violet line turn it bullish mode.
Daily closing above 320Rs confirm it will ready to move upside and 340Rs will be 1st rejection point acc to parallel line
Big breakout:
If it will break parallel line on upside with weekly closing then it will test its lifehigh 371Rs
Bearish
closing below parallel trendline turn it bearish
Monthly support
229 is strong monthly support for this counter so you have to invest more at this level.
at this point just wait for violet line breakout so you will have breakout trading chances.
Bullish
Daily closing above violet line turn it bullish mode.
Daily closing above 320Rs confirm it will ready to move upside and 340Rs will be 1st rejection point acc to parallel line
Big breakout:
If it will break parallel line on upside with weekly closing then it will test its lifehigh 371Rs
Bearish
closing below parallel trendline turn it bearish
Monthly support
229 is strong monthly support for this counter so you have to invest more at this level.
at this point just wait for violet line breakout so you will have breakout trading chances.
Trade active
Daily closing above violet line done on yesterday and today retest also done...now if it will sustain above 313Rs level then Bullish pattern will be confirm...lets watch it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.