PETRONET LNG LTD
Long
Updated

symmetrical triangle /support buy

471
petronet :
cmp 203.80

trade setup
1.buy up to 201
2.keeping 187 as stop loss on closing basis
3. for targets 216/ 231/ 246/ 259 / 276 / 288 / 300+

technical buy based on :
1. trend line support
2. double bottom
3. symmetrical triangle pattern
4. stochastic RSI bullish divergence at 0 which is highly oversold indicator zone
5. attractive value in the sector
6. volume spike in monthly charts

note : rest of the details shared in chart for the technical buy.
Trade active
Note
212.40+ high
Note
218.70 high target 1
Note
222.70 HIGH
Note
10% returns done
Note
231 TARGET 2 DONE

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