PETRONET - Volumes assisted Consolidation breakoutNSE: PETRONET is looking to breakout out from the consolidation range.
Today's volumes indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
