tksthathachari

Swing/Short Term Trade in Petronet LPG

Long
NSE:PETRONET   PETRONET LNG
Simple Price Action Analysis without Indicators:

This is a weekly chart. We can observe a long term demand zone spanning over several years at the levels of 210-220. This is a strong demand zone . In addition, we can observe a falling Resistance Trendline. The buy and sell levels along with SL has been given in the chart. Very safe trade.
A RR ratio of - 1:2

Disclaimer:
This recommendation is for educational purposes only. Please consult your financial advisor before taking any buy/sell decision.
Comment: 7% up from the recommended levels.
Comment: Made a high of 231. 10% up from recommended levels..
Comment: Made a high of 236.13% up from recommended levels

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