The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple major support zones and the target is placed based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to...
Every time after 4 or 5 weeks at support the stock moves up
If history tends to repeat we may see a fresh breakout
Mouth support to resistance is in a gap of 110 points or 60% range.
After the breakout, the same 110 points (380 Target) or 60% rise (Target 428) in upcoming months.
PETRONET LNG is looking good for a substantial bullish move in coming weeks and every dip in this counter should be used to accumulate.
For targets and stoploss you can send me a dm on the link provided in my profile.
All the best!