Entered at 2nd August at 198.8 with stop loss at 189.5
Update stop loss I - 240.50 on 14th August 2018
Update stop loss II - 248.8 on 20th August 2018
Current stop loss is 248.8
In case of stop loss confirmation, points captured would be 248.8 - 198.8 = 50.
SELAN is in the formation of Bottoming process. It has given breakout of long term resistance of 200. Now once it crosses minor resistance of 242 level expect it to zoom.
Buy above 242 with a Stop loss of 220
Selan Exploration Technology Limited is engaged in the business of exploration and production of oil and natural gas. The Company's principal business activities include extraction of crude oil and natural gas. The Company is pursuing various reservoir engineering and production engineering technologies across the globe to find the appropriate completions for the new wells being drilled. The Company's Field Locations include Bakrol, Indrora and Lohar oilfields in the State of Gujarat. The Company also has Ognaj oilfield and Karjisan gasfield situated in the State of Gujarat. The Company has signed Production Sharing Contracts (PSCs) with Government of India (GoI) for Bakrol, Indrora, Lohar, Ognaj and Karjisan fields.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
SELAN
