PETRONET LNG LTD
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PETRONET on Breakout; above 232 on Thursday 9 Mar for Intraday

Atualizado
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders may book profits at this stage

Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"

The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Trade ativo
234.4 after opening at 231
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facing rejection; SL 231
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strength now only above 234
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will book ou Cost if it goes below 232
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double top at 234.2, will be watchful around that
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not enough volumes, supporting a break of 234.2
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234.8 now
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some profit is better than a loss
Trade fechado manualmente
2.40 Rs profit on trigger price of 232
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looks like it was waiting for my exit, now 235
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though it seems a wise decision as volumes are lacking
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though not a published trade, NCC looks intersting at current price
Chart PatternsTrend Analysis

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