SNGP Sui Northern Gas Pipelines short term analysis 24th Mar. 2021

Further Advance

Our Pivot: 38.00

Our Preference: Start buying SNGP above 41.50 and average it out till 39 with strict stop loss of 38.00 and profit target at 44 with extension towards 45.75 and 50.00.

Alternate Scenario: Downward penetration of 38.00 will call for 36.00 and 33.60.

NOTE: SNGP is caged in a descending wedge on daily chart and its ready for a bullish breakout of this wedge.

Chart with supports & resistances: