PETRONET LNG (1D TF) - Swing Trade Analysis given on 12th June, 2024 Pattern: SYMMETRICAL TRIANGLE - Volume Buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress * Disclaimer
DTL BO (Down Trend Line Breakout) Even Oil N Gas stocks are also setting up to move : ONGC (being my fav with good results, check older posts), Oil Ind, HPCL, BPCL, IOC, Gulf OIl.
Petronet among gas distribution brokeout all time high. Gas distribution sector also gave trendline breakout. Fundamentals of Petronet is also good. OPM has been steadily increasing over past 4 quarters along with net profit and eps. Stellar ROE record over 10Y period
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk : Reward: 5-6 times.
Given that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
Custom index created by top M.cap companies in gas distribution sector with Adani total gas, GAIL, Gujgas, IGL, Petronet. Trendline breakout. Petronet already made ATH.
PETRONET LNG looks promising as it near it's multi-year breakout. Closing above 240 can fire NOTE: I'm not a SEBI REG. Study before investing.
Petronet LNG is an investment stock with amazing dividend yield and a TTM PE ratio of around 10 at CMP of 222. The chart of stock is quite simple. The stock is consolidating since 2017 but has continuously took support from a trendline which was earlier a resistance. The stock is currently available at a strong demand zone which is the confluence of it 200 week...
➡️sector with massive potential ➡️EPS has doubled since 2017 ➡️low P/E ➡️public holding <10% Safe traders to enter on ATH & 7 year box #breakout Disc: already invested
PETRONET flag formation in progress on long term chart. wait for clear monthly closing above 250-270 rounding bottom formation in progress in recent chart
PETRONET :- Stock is doing consolidation at same place from last few months, if there is breakout then we can see good movement of upside Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and...
Buy PETRONET BETWEEN 240-255 STOP LOSS 214 TARGET 1 : 273 TARGET 2 : 300 Symetrical trangle breakout Breakout with volume Oil and gas sector seems bullish on chart to make higher high
There is a triangle pattern formation in the chart for long term. Expecting a bounce back once it reaches 210-214 zone. Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly. Target:- T1- 242 T2-264 T3-300 T4-330 Stop @ 190 we have to wait...
Petronet LNG : Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00 Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 . This study is only for education purpose and...
Everything updated on the chart . Sl below that horizontal support. Expecting ATH. Around 1:5-6 RR.
Crossing 240 is a check for a move towards 266 Retest at 220 levels can be a good for entry
GAIL in the past couple of sessions, made multiple attempts to kick out the resistance zone of 105-110 it failed will it be successful now? and make a move towards 140?
NSE:PETRONET1! butterfly in this chart sell petronet below 233 add more 237 closing sl above 240 target 226.75-218.6-211 BOLO JAI GAJANAND