Petronet keeps trying to break past the 115 levels. It briefly did but past 2 days have been negative. It will bouce back . I too was expecting it to reach 125 levels but it is sideways these days.
Excellent call and good timing. You managed to catch it on the days high,quite skillfully. Did not cross check all the EOD charts. Bit inconclusive in my view. Great trade.
Excellent call and good timing. You managed to catch it on the days high,quite skillfully. Did not cross check all the EOD charts. Bit inconclusive in my view. Great trade.
ACTUALLY I SHORTED X LOTS ON FRIDAY itself @ 118 WITH A PLAN TO AVERAGE WITH ANOTHER X LOTS ON MONDAY AROUND 122 LEVELS .. OBVIOUSLY THE LATTER DIDNT HAPPEN ...
Neways covered my remaining 1/3rd position today @ 111 ...
Reason: Things seem a lil positive on hourly and half-hourly charts ...and daily charts have become neutral ..
I also think that Petronet LNG should be watch to find long entry. 108 appears to be good support levels and if it test the support positively, long entry for target around 124 can be initiated.
ACTUALLY I SHORTED X LOTS ON FRIDAY itself @ 118 WITH A PLAN TO AVERAGE WITH ANOTHER X LOTS ON MONDAY AROUND 122 LEVELS .. OBVIOUSLY THE LATTER DIDNT HAPPEN ...
Neways covered my remaining 1/3rd position today @ 111 ...
Reason: Things seem a lil positive on hourly and half-hourly charts ...and daily charts have become neutral ..
Petronet had made double top around 119 level & it did make sense to short it until double top is broken. Infact I feel Petronet may see 105-106 levels before it breaks double top, if at all.
well , cant say for sure ... plus.. my data feed subscription expired dis weekend and i hv C.A. exam comin up ... so i guess i ll take a month off from markets...