Sarthik

SWING TRADE: PETRONET

Long
NSE:PETRONET   PETRONET LNG
Watch for breakout and day close above breakout area.

Levels are given on chart.


Disclaimer: This is educational purpose only.

Please share your thoughts in the comments section below.

Comments

can we see a reversal in this stock may be in a day or two... please suggest
Reply
Sarthik tradetiger05
@tradetiger05, we cannot predict, better to wait for the below trendline breakdown i.e. the major support line. This is my personal view.
Reply
It has corrected a lot in just one day
Reply
Sarthik brockbikilesnar
Reply
Sir Petronet crashed 8 % from.BO levels.
Now trading at 226 to 228 levels. Please advise if need to wait for target or exit with SL
Reply
Sarthik Nileshblr2007
@Nileshblr2007, Yesterday's close was below the breakout i.e. at 248.5, it is wrong entry. It got corrected a lot may be due to quarterly results. If you want to hold for long-term you can keep stop loss to the below trendline. These are my views, you can decide based on your risk apatite.
Reply
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