I know it's risky trade but who we are ? TRADER!! we are risk taker. Price is at demand level stock may see buying from here. SL 2%
PETRONET is in this support zone for the 5th time now and a bounce is expected again from these levels.
A good bounce from supports on the day chart is seen. One can go long in this counter for the targets of 240 - 250.
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..
NSE: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. ------------------------------------- Trade Setup for Date...
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...
Go long for 232, 252 with SL at 210. Trend break out with good volumes are key factors
Petronet LNG Futures CMP: 231.50 SL: 226.00 Target 235.50 / 237.00
Petronet LNG: Trading Opportunity Pivot 230 No Directional Bias.
Pls refer chart.. Indicators looks like to turns from bearish. So expect short term bullish mode.
Petronet in Long positions after breakout. Buy for 5% in 3-4 days
NSE: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 is trading at bottom and possibility - 20/50 EMA cross 200 EMA --> Golden crossover expected
PetroNet Analysis, Find all levels on Chart Disclaimer - Only for Educational purpose,
Petronet 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
The 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...
NSE: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...