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Petronet LNG

Discussion in 'Technical Analysis' started by ilyasmohammed1, Oct 1, 2012.

  1. ilyasmohammed1

    ilyasmohammed1 Member

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    Dear Mr.Shabbir, What is your view on Petronet LNG with current chart pattern.
     
    ilyasmohammed1, Oct 1, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    According to me it can buy @ cmp 160.85-161.50 with strict stop loss of 155 for the target of 171-172.
    Second way to trade in petronet is buy @ cmp or above and put stop loss of 157 and start trailing the stock by day closing low previous candle or current candle low which ever is lower.
     
    sanjay_sansanwal, Oct 1, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    I would wait for few days to see if 156 is becoming a support or not before entering into the stock.
     
    shabbir, Oct 2, 2012
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