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NeeteshJain

Petronet - Ranging in Downward Trend Channel (Short)

Short
PETRONET LNG LTD. (BSE:PETRONET)  
NeeteshJain  
BSE:PETRONET   PETRONET LNG LTD.
PETRONET Parallel Channel
4
2
petronet parallelchannel
On hourly chart, the price action is trending in a downward trend channel as it is making lower Lows (LL) and Lower Highs (LH) indicating weakness and bearishness.

Refer to educational series on Channels to understand it better. (Links provided below)

Target: 317.50
Stoploss: 340

Idées en relation

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Educational 03: How To Trade Channels (Part I: Uptrend)
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Educational 02: How To Draw Channels?
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Educational 01: How to Identify TREND with CHANNELS
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