petronet :
cmp 203.80
trade setup
1.buy up to 201
2.keeping 187 as stop loss on closing basis
3. for targets 216/ 231/ 246/ 259 / 276 / 288 / 300+
technical buy based on :
1. trend line support
2. double bottom
3. symmetrical triangle pattern
4. stochastic RSI bullish divergence at 0 which is highly oversold indicator zone
5. attractive value in the sector
6. volume spike in monthly charts
note : rest of the details shared in chart for the technical buy.