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PETRONET

#PETRONET CMP247 #Target 271(10%) #ioc #ongc #tidewater #bpcl #PETRONET NSE: PETRONET CMP 247 Target : 271 SL 238 Time Frame < 2 months Can hold the stock for longer time after part booking. Factors: Trend Following Inverted Head & Shoulder Pattern. Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. PEER COMPARISONS: NSE: ONGC NSE: TIDEWATER NSE: IOC NSE: OIL NSE: HINDPETRO NSE: BPCL NSE: PETRONET NSE: SUPPETRO NSE: CHENNPETRO NSE: RELIANCE If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:PETRONETLong
by Rachit_Sethia
8
PETRONET LNG Short & Simple Short term Analysis✔✔💢for risky players💢 enter @230-40 range strict sl below 200🙏 trgt 258-275-300+🎯🎯 long 400+💰 is this Accumulation Or distribution? 🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels. 🔹Stock with good financial performance alongside good to expensive valuation. 🔹Strong Financial perfomance. 🔹Also the chart looks postive. 🔹Has been consolidating for the last 4 years. ✔197-202 is the major support level of the stock. ✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇 ✔Just 15% from it's major support(4 year support).👇 ✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇 I am not sure guys. I shared just my analysis✨ you can also share your views. Comment below✨ Anyway keeep watching note this is not a stock recommendation Study then enter🙏 like💚comment💚support
NSE:PETRONETLong
by ANKITHSHAJU
2