Petronet LNG #PSU worth to look for!
Is it gonna break multi-year range?
- With recent Q3 results I can assume that the price action got the support of Fundamentals
- as you can see the price just attempted to break its barrier [box range]
- though it is unsuccessful; looking at the similar pattern before -- the current structure almost resembles the pattern the stock is following.
- like historic pattern, price being above the R1 pivot gives confidence that it will eventually break out of the range and inch higher
#PSU
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