PETRONET;LNG; is looking strong,
Infact entire ENERGY sector is breaking out on larger scale.
For PETRONET any dipp towards 240 zone would be an ideal entry point for targets beyond 272 and 298 on Cash in coming days.
This setup is very much simillar to MANAPPURAM or UBL which we analysed in JUNE and JULY.
both STOCKS have been doing well since then.
For PETRONET just to make sure STOCK is in a strong uptrend it would require fresh calender highs after 21st,SEPTEMBER as well.
This would eliminate the case for any sort of consolidation.
