Long

Petronet LNG Limited - Are bulls in ?

has been trading in the range of 210-280 for about 1 year. At the current moment, it looks like has taken its support over T2 while crafting a falling wedge pattern ( T1 & T2 ). It has broken another trendline T3 with a good volume that increases the confidence of the bulls.

One may initiate a long position with a stop loss below 211 while focusing on the other energy stocks and Nifty Energy.

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Ravi_Singh_Chauhan

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