Petronet LNG

Date 09.09.2024
Petronet Lng
Timeframe : Day chart

Remarks : The stock has opened below the upward parallel channel since November 2023. This could be considered as serious breakdown of strong support band. One may definitely use a combination of 20,60 & 200 ema convergence or divergence method to see the strength & weakness going ahead. I suggest not to average or try catching falling knife in anticipation. Let the stock resume its channel in order to long the trades.

Regards,
Ankur