SNGP Sui Northern Gas Pipelines short term analysis 28th Oct. 2020

Further Advance

Our Pivot: 56.50

Our Preference: Start buying SNGP from current price and average it out till 58.20 with strict stop loss of 56.50 and profit target at 61 with extension towards 63.

Alternate Scenario: Downward penetration of 56.50 will call for 55.00 and 54.50.

NOTE: SNGP have given breakout of its descending trend line in upward direction and Daily momentum indicators are strongly bullish.

Daily chart with supports & resistances: