!!PAIR TRADE PETRONET-VS-ONGC!!
EXECUTE THE FOLLOWING
!!EXECUTE BOTH TRADES!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
Long Petronet Lng on a minor dip with sl of 220.7 and target of 227. Adjust volumes as per entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any...
Descending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break.
Let's fill in our tanks and make ourselves ready for upside Breakout in Petronet. Actually I'm not interested in the downside Breakout, if you zoomout n see there can be shark pattern formation, haven't checked it though by drawing just saying by the perception I get from Petronet. You can try for that shark also if interested but simple channel upside break can...