PETRONETPETRONET is in this support zone for the 5th time now and a bounce is expected again from these levels.
PETRONET
PETRONETA good bounce from supports on the day chart is seen. One can go long in this counter for the targets of 240 - 250.
Can petronetlng go above 254?Yes , but it is a quite hard task for petronetlng to reach such target because it is a slow mover stock but once it goes in pace it will cross 236 range and bounce back to 257..
Simple Trade Setup | PETRONET | 28-09-2021NSE:PETRONET
Observations:
1) On Daily Time frame, Finally it has broken and closed above 200 DMA. 200DMA is placed at 236.74 level.
Only negative thing is that volume of today was less than yesterday as well as just below averange of 21 days.
Please refer below chart : Daily time frame.
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Trade Setup for Date 28-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | PETRONET | 24-09-2021 [INTRADAY]NSE:PETRONET
I am posting this on request from one of the follower.
Observations:
1) On Daily time frame, we can see that 21DMA has made crossover of 100DMA.
As per theory when the small moving average crosses above big moving averange then it will be a sign that a bullish move is going to come.
But this doesn't work all the time. This is just a sign. But for the trader it is always to keep such sign in mind but follow levels to trade.
234 is immediate critical resistance.
Please refer below chart : Daily time frame.
2) One 1 hr time frame we can see that it has been trading in parallel channel pattern.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 24-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Petronet LNG: LongGo long for 232, 252 with SL at 210. Trend break out with good volumes are key factors
Petronet-Short term bullishPls refer chart.. Indicators looks like to turns from bearish. So expect short term bullish mode.
Petronet in Long positions after breakoutPetronet in Long positions after breakout. Buy for 5% in 3-4 days
PETRONET LNG short term levelsNSE:PETRONET
PETRONET LNG now at the resistance level 230-231. can be see good move if it sustain above these levels.
SL 226
Petronet LNG Bullish crossover expecting petronet lng is trading at bottom and possibility - 20/50 EMA cross 200 EMA --> Golden crossover expected
PetroNet - LongPetroNet Analysis, Find all levels on Chart
Disclaimer - Only for Educational purpose,
Petronet long : Positional tradePetronet is a fundamentally good company, but just like ITC it is a laggard imo. The thing with companies like these is risk-reward ratio and also dividend yield. Need a lot of patience for this one. So I will keep this for at least 1 year.
Also, Petronet to make foray into petchem business. So let's see
PETRONET - Falling Wedge BreakoutThe stock was in a downtrend with contraction between the upper and bottom resistance lines, forming a wedge pattern.
It has broken out of the pattern with substantial volumes.
Position can be taken near current price, keeping the stop loss near 216 levels, for a short term target of 232.5.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
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Simple Trade Setup | PETRONET LNG | 07-09-2021NSE:PETRONET
I am selecting PETRONET again for 07-09-2021.
Observations:
1)On 15min Time frame today we can see that it has broken out from the parallel channel and also closed above 230 level.
Tomorrow if it sustain above 230 level then we can see a good upmove.
Please refer below chart : 15min time frame.
2)On Daily Time frame we can see that after making rounding bottom pattern, today it opend gap up above 230 level and closed above 230 level. If tomorrow it gets support from 230 level then we can see a good up move.
Only drawback for today is that it has made bearish candle on daily time frame.
Please refer below chart : Daily time frame.
3) Also on 15min time frame it has made rounding bottom pattern today. With neckline level at 231 level. For intraday trade 231 level breakout will give good intraday up move.
Please refer below chart : 15min time frame.
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For POSITIONAL long trade , one can take long position for short term from CMP as far as it is trading above 230 level. SL will be 225 and target will be 240/245.
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Trade Setup for Date 07-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Petronet LNGPetronet has been facing resistance around 230 levels from last many days.
Now it is looking ready for Breakout. RSI is also hovering above 60 levels.
SL - 220
Target - 247
Simple Trade Setup | PETRONET LNG | 06-09-2021NSE:PETRONET
Observations:
1) On Daily Time frame, if you can see that level 230 is working as critical level since long time. It was working as both support and resistance since long long time.
Please refer below chart : Daily time frame.
2)Also, on Daily Time frame you can see that it has closed above 100DMA but still below 200DMA. One good thing is that it has broken and taken good support from 21DMA.
Please refer below chart : Daily time frame.
3) Further on Daily time frame it is forming rounding bottom pattern. And neckline/breakout level for the same is 230 level.
Please refer below chart : Daily time frame.
4) On 15min Time frame we can see that since 17 Aug it is getting good support from the accending parallel channel.
Please refer below chart : 15 min time frame.
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For POSITIONAL trade one can take safe long position only on sustainable breakout of 230 level. SL will be 218 and Target will be 250/260/270 in short/mid term.
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Trade Setup for Date 06-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
PETRONET levels ...23/08/2021 (D candle)PETRONET complete the pattern and breakout the previous resistance...so its more possible to reach the targets as given in chart at short term
Possible Reversal From Support Buy @215
Target - 240++
SL - 203
Buy only when it forms positive(bullish) candle at this point.
PETRONET_LOOKS GOODPETRONET looks good on chart. One can go long on this level.
(for educational purpose only)
Petronet Trade setup - LongPetronet at demand zone.
Buy setup detail
Entry-222 or near about price
SL- 213
Target 240-245
Petronet Swing IdeaChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Close above purple line can add momentum.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PETRONET
