PETRONET
- The stock has been in a consolidation phase since year 2018.
- Currently, price has cleared its previous all time high of 299, suggesting resumption of the long term up-move.
- Price could initially be expected to test 375 (161.8% FR level), and optimistically the long term up-move could see 710.
- Bullish outlook remains intact as long as price is above 260.
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