PETRONET
PETRONET - Ichimoku Bullish Breakout Stock Name - Petronet Lng Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 238
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Trendline BrekaoutHere is a Government Company. now started moving after making a base in a weekly time frame.
Its been in the range Since 2017 and has also passed the Covid Crash and even then respected the same levels. It started its rally back then in 2014 and continued till 2019 and since then it is consolidating at the same level.
It has started moving after taking its previous support i.e. 200, But was not giving breakout of its short term downtrend line since 2019. Now it has given a breakout with a bullish candle and hence can be traded.
Entry - At the same level i.e. 230
Stop Loss - At the last swing i.e. 210
Reward - there is ling term resistance at 270. (One can check the price action there as it may give a breakout this time.)
#keep learning
*This is a swing trade and can take 1 month to 3 month time.
PETRONETPETRONET:- Descending triangle pattern is formed, if upside breakout and sustain we can see movement to the upside, till then keep an eye on the stock
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 follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PETRONET - Ichimoku Bullish Breakout Stock Name - Petronet Lng Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 231
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
PETRONET - Ichimoku Bullish Breakout Stock Name - Petronet Lng Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 222
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
PETRONET LNG. A STORT TERM TRADING PICK.This can be a good stock for swing trading.
BUT, The confirmation is needed. The stock as shown a good upward movement which was then followed by the PROFIT BOOKING.
REST IS WELL EXPLAINED IN CHARTS.
DISCLAMER: THIS VIEW IS FOR EDUCIATIONAL PURPOSE. Kindly follow proper risk management and concern it from your financial advisor.
THANK YOU FOLLOW FOR MORE.......
Petronet - Bearish - next Support AnalysisPetronet - Bearish - next Support Analysis
1. Breaks the primary trend, tried a lot of attempts to break the trend upwards... but due to negative trend, it came down.
2. next support at 190 and another at 180.
3. Strong down candle was created last week, due to this mostly next also will be negative for this stock.
3. I hope it won't break the 2020 crash low.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...