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:
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