Petronet LNG - Bullish Pattern Seen

                                                               Daily Chart

• Petronet LNG Bullish H & S pattern breakout seen in stock
• Thus, can be good buying opportunity around 185 - 188 with stop loss of 178 for targets of 204 - 221.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

 rvangadi@googlemail.com

Note: This report is for educational purpose and the specific levels have not been mentioned. 

NIFTY can make near term bottom

                                                                       NIFTY Hourly chart

NIFTY has made double bottom near 8055 (Fut) levels

Hold on these levels also will confirm the completion of potential 5 - wave decline from  8484.

RSI showing Positive divergence is well.

If hold true can retract back towards 8192 - 8200 and 8285 levels.

Raju V Angadi

Equity Research Analyst

Note: Short Term counts and key levels have been hidden purposefully.

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

Note: This report is for educational purpose and the specific levels have not been mentioned.