Yes2Profits

PETRONET - Falling Wedge Breakout

Long
NSE:PETRONET   PETRONET LNG
The stock was in a downtrend with contraction between the upper and bottom resistance lines, forming a wedge pattern.
It has broken out of the pattern with substantial volumes.

Position can be taken near current price, keeping the stop loss near 216 levels, for a short term target of 232.5.

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Trade closed: target reached: Target reached on 7th Sep

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