newbieintrading

Petronet: Readying /Consolidating

לונג
NSE:PETRONET   PETRONET LNG
According to my chart analysis, it's kinda creating a curve... I mean .. it's probably forming a cup and handle pattern..(now ...a making of a cup is in progress) and it's in the pre- stage. So one can trade by buying at lower band and book at upoer band. Minimum 15 points trade (like 206 to 220rs as per price action)
Right now , indicators, MACD is showing its totally bearish.. RSI and stock RSI are too coming down ...so ...i think around 206-205 levels are good to buy (if i get a sign of any trend reversal). I'm gonna buy it for short to medium term..so whenever it come in lower band of curve... I will accumulate. Fundamentals are decent. Last 3 qtrly results were good.
If one wants to leave eome insightful view... Feel free to do so.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.