SNGP Sui Norther Gas Pipe lines short term analysis 18th Aug. 2020

Further Advance

Our Pivot: 60.00

Our Preference: Start buying SNGP from current price and average it out till 62.00 with strict stop loss of 60.00 and profit target at 67 with extension towards 74.

Alternate Scenario: Downward penetration of 60 will call for 57 and 55.

NOTE: SNGP is in expansion mode of its previous triangle on hourly chart in bullish direction.

Hourly chart with supports & resistances: