Petronet- Symmetrical Triangle Breakout- Buy Setup
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As seen Petronet has broken out of symmetrical triangle with volumes on the daily chart. Also, it is bullish in the larger time frame.
Conservative traders can wait for the price to re-test the breakout levels in order to have a more favourable risk reward ratio.
CMP- 393
Expected Levels- 410, 460
SL- 365
Conservative traders can wait for the price to re-test the breakout levels in order to have a more favourable risk reward ratio.
CMP- 393
Expected Levels- 410, 460
SL- 365
Note
good place to enter for conservative traders. cmp 378.5
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