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Petronet LNG

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 10, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    petronet has formed cup and handel pattern and break out today @ 151 and made a high of 153.80, In the weak market it is around 2.5% up.
    I think it is safe buy @ cmp with stoploss of 140.
    I bought @ 151.85.
     
    sanjay_sansanwal, Aug 10, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    It slided from 170 to 120 odd levels and apart from that, looks really good. Chances of 170 is high i.e. twice your stop loss.
     
    shabbir, Aug 10, 2012
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