LIVE Market Technicals with CK Narayan
Prices decline on a trot in Petronet LNG, This fall has brought prices to the level of the 38% retracement of the rise form the March low.
By ET CONTRIBUTORS |
BCCL - Non Copyright
If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly. CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in!
Petronet LNG a low risk buy
The last six sessions has seen the prices decline on a trot in Petronet LNG. This fall has brought prices to the level of the 38% retracement of the rise form the March low. On intra day charts, the momentum indicators are showing oversold levels. Using the Reversal indicator of Neotrader, we get a buy signal in Petronet. It seems a low risk buy at the current levels. Traders can look to buy with Rs 230 as stop loss.
Petronet LNG a low risk buy
The last six sessions has seen the prices decline on a trot in Petronet LNG. This fall has brought prices to the level of the 38% retracement of the rise form the March low. On intra day charts, the momentum indicators are showing oversold levels. Using the Reversal indicator of Neotrader, we get a buy signal in Petronet. It seems a low risk buy at the current levels. Traders can look to buy with Rs 230 as stop loss.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
