Analysis & Reported
by DEBABRATA BHATTACHARJEE (Investment
Advisor)
Mobile:
9584924019/9883388754
Email
ID : imdb1@ymail.com
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DATE: 19.05.2019 CMP: 236.65
DATE: 19.05.2019 CMP: 236.65
Today I analyze Petronet LNG Ltd. using fractal theory chart
1. There are showing two similar patterns namely pattern 1 & 2. The pattern
1 is the smaller and is made by of points of ‘a’, ‘b’, ‘c’ …‘p’ (Larger view of
pattern 1 in chart 2 ). The pattern 2 is larger in size and consists of the
points ‘A’, ‘B’, ‘C’….. ‘K’. In the pattern 1, the point ‘k’
Chart 1
was formed at 50% of point ‘e’ & ‘h’ range, also the
point ‘k’ formed below the point ‘i’. In pattern 2, the point ‘K’ could be
formed if flowed the fractal theory, is the 50% of ‘E’ & ‘H’ range i.e
around 162. This expected level is below the point ‘I’ level is 202. Another case the point ‘K’ was formed above
the point ‘I’ level in pattern 2.
Chart 2
Now focus the point ‘L’ in pattern 2. In the pattern1 point,
‘l’ was formed after a sharp rally and high degree price movement from point
‘k’. This really was moved 278.6% level of point ‘h’& ‘k’ range. So I
expect, point ‘L’ of pattern 2 could be formed as similar to point ‘l’ of
patter 1 if flowed fractal theory. So what is the price level of the point ‘L’
of pattern 2? Now I expect point ‘K’ was
formed in pattern 2 , so I focus two
levels , those are 261.8% & 276.6% of ‘H’ & ‘K’ range in
pattern 2 , so point ‘L’ of pattern 2 could be formed the price level of
385(261.8%) & 396(278.6%) . (flow in chart 3)
Chart 3
If the point ‘K’ of pattern 2 could be formed below the
point ‘I’. that case, the price level of
point ‘L’ of pattern 2 could be deferent, but the price movement should be flow as similar as
pattern 1, according to fractal theory
