Refineries Breakout 2nd Sep 2021
Refineries Breakout
Three main scripts of Refinery sector have given bullish breakout of their wedges, flags and triangles in last days but could not make it to maintain their bullish sentiment which indicates that there are two scenarios.
1. Either refineries policy is not upto mark or expectations of main players of this sector.
2. Or Refineries sector is retesting their breakouts and this sector is tightening seat belts for a new flight.
In both scenarios it comes up that investors have to post strict stop losses on recent previous lows of these three scripts and get ready for a major shift, it's recommended to adopt cut and reverse strategy on failure
Charts of ATRL, NRL and BYCO are attached.
Please do your own research before trading as this content is being posted only for information purpose
BYCO Daily Chart
NRL Daily Chart
ATRL Daily Chart
ATRL 35
Quick Snapshot
42,646,500
106,616,250
0.00
14.50
17.50
232.63
52 Weeks Range
Pivots
| Level | 1st | 2nd | 3rd | Supports | 227.09 | 221.54 | 217.09 | Resistances | 237.09 | 241.54 | 247.09 |
|---|