PETRONET HEAD & SHOULDER PATTERN SHORT TRADE

HEAD & SHOULDER PATTERN FORMED WITH NECKLINE BREAKDOWN.

WEAK IN RSI & EMA50/200 CROSSOVER ON DAILY CHART.

IF BREAKS 221 SUPPORT,

TARGET: 210.
SL: S2 HEAD=234

NOTE: THIS IS STRICTLY FOR EDUATIONAL PURPOSE.

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CORRECTION: SL = 254 (S2 HEAD)