SNGP Sui Northern Gas Pipelines short term analysis 14th Dec. 2020

Rebound Insight

Our Pivot: 41.30

Our Preference: Start buying from current price and average it out till 43.10 with strict stop loss of 41.30 and profit target at 48.15 with extension towards 51.20.

Alternate Scenario: Downward penetration of 41.30 will call for 39.20.

NOTE: SNGP is caged in a descending wedge on daily chart and it's trying to penetrate this wedge in bullish direction.

Chart with supports & resistances: