Monday, August 09, 2010
Petronet LNG Ltd. (PETRONET #NSE) – Racing to 120.
Aug 8, 2010: Petronet didn’t come back to 88 and turned around at 90. I am surprised at the speed at which it is racing to 120. Not a good entry point now, need to allow things to settle down.
July 31, 2010: Met target after blowing through the resistance. Wait for things to settle down. Re-enter again after it comes back to ice (around 88). New target is 120.
July 16 2010: Petronet found support at the 200-day SMA and had some volume action this past week.
It wants to go and challenge the highs near 85-87.
Weekly Chart
by Admin at Monday, August 09, 2010 |
1 Comments:
Aug 25, 2010: Reached 120 and met supply. Needs to pause a bit.
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