Petronet LNG - Bullish view

Aug 20

I have entered the marked level for swing trade.
Reasons for buying:

1. Breakout at 1 H time frame.
2. Stock is trading at all time high. These stocks generally perform good after breakout.
3. Breakout with volumes.

Please note that it's not a recommendation to buy. I have posted my analysis for educational purpose. Please do your own analysis before buying. I am not responsible for your profit or loss.

Aug 20

Note

I have added the quantity but it's generally safe to wait for the retest to avoid fake breakouts.

Aug 21

Note

Gap up opening today. Might come down for retest.
Just saw that there is a positive news too related to Petronet LNG.

Aug 21

Note

Still in the position. Will follow the proper stoploss. Although I have a very strong feeling that it's just a retest and stock still can go up. Let's see.

Aug 23

Trade closed: stop reached

stoploss. exited