aks85

Petronet- Symmetrical Triangle Breakout- Buy Setup

Long
NSE:PETRONET   PETRONET LNG
10
As seen Petronet has broken out of symmetrical triangle with volumes on the daily chart . Also, it is bullish in the larger time frame.

Conservative traders can wait for the price to re-test the breakout levels in order to have a more favourable risk reward ratio.


CMP- 393
Expected Levels- 410, 460
SL- 365
Comment: good place to enter for conservative traders. cmp 378.5