Breakout of triangle pattern in petronet LNG .
I suppose targets between 235-240.
Stop loss 220.
After break out of triangle pattern the stock can be expected to move upwards with a target of at least 8 to 10% and we can see good momentum in the coming few days. A pull back can be expected at 230 after which the price could resume it's upward momentum and momentum could increase after this pull back.
Study rise in crude prices could favour the stocks movement.
Stop loss 220.
After break out of triangle pattern the stock can be expected to move upwards with a target of at least 8 to 10% and we can see good momentum in the coming few days. A pull back can be expected at 230 after which the price could resume it's upward momentum and momentum could increase after this pull back.
Study rise in crude prices could favour the stocks movement.
Penafian
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