SPECIAL CHART: PETRONET
Monthly Chart Analysis:
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried multiple times to take it up. See upside spikes highlighted on chart.
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried multiple times to take it up. See upside spikes highlighted on chart.
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