Petronet- flat market in monthly timeframe

The script shows the profit booking and the supply zone at same level from past few months which indicates a flat market for this script in monthly chart system. But there is an opportunity to earn some even when there's a flat market for swing traders the lower low that has formed on the daily chart system is with the low power which has been derived from the MACD histogram and which also indicates that we are about to witness a bullish reversal in upcoming sessions. 220 is the support level and 260 is the resistance level. bullish candlestick has formed and has the bigger body which also indicates the positive directional movement. DO apply requisite SL to avoid whipsaw.

More details will be updated soon...