Cup and Handle Breakout in PETRONET

2024년 12월 1일

PETRONET has formed a classic Cup and Handle pattern on the hourly chart, signaling a potential bullish breakout.

Pattern Breakdown:
Cup Formation: A smooth rounding bottom from ₹310 to ₹337, indicating strong accumulation.
Handle Formation: A slight retracement near ₹330, forming a consolidation zone before the breakout.

Indicators:
RSI: Currently above 70, showing bullish momentum.
Volume: Increased significantly, confirming buying pressure.


Key Levels:
Breakout Level: ₹337
The price has broken above this resistance, confirming the breakout.

Targets:

Target 1: ₹350
Target 2: ₹360

Stop-Loss: Below ₹330 (handle low).

💡 Disclaimer: This is for educational purposes and not financial advice. Please perform your due diligence before entering any trade.

2024년 12월 20일

거래청산: 스탑 닿음

share surged to 345 and failed to reach target and SL hit yesterday.