PETRONET
Petronet is moving in the ascending wedge pattern, respecting the lower base of the wedge, every time it touches, it bounces up from it. It has done that 4 times now.
As it has broken the upper base of the wedge pattern and closed below it after days of consolidation. It seems that, it will correct till 277 level taking support of the 50% fibonacci retracement or level of 270 (50%-38.20% of Fibonacci retracement), before it bounces again from the lower base of the wedge. Heading towards the target of 280/286+