PETRONET LNG : TRIPLE BOTTOM PATTERN WITH HAMMER AT SUPPORT

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Petronet LNG :

Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00

Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 .

This study is only for education purpose and should not be considered as a tip to buy or sell any stock.

Good luck !!!
Note
Target 1 done
Chart PatternsDemand ZonehammercandleTechnical Indicatorsnifty200PETRONETsupportzonesTrend Analysistriplebottom

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