Daily MACD cut, Weekly MACD crossover, Ichimoku cloud top and above conversion line. These parameters may lead to reach the target levels. Vijayaraghavan.K, Kovilpatti.
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! HEAD 7 SHOULDER CHART PATTERN !! 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 ! Reward is 5-7 times .
Ater breakput of 246 level one level retetsed til 242 and now started up towards high.
💢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...
There is a series of accumulation at the Resistance level so if there will be volume support, it might touch its targets within a single day. Multiple retests have been done at the Resistance level. If it doesn't touch a target within a single shot, then it can do some retracement after which it will touch its target. SL can be put in a 1:2 ratio.
PETRONET - LONG - INTRADAY/BTST
Price this time after taking the support from the trend line formed a falling wedge pattern and the breakout takes the price swiftly to the resistance in 2 sessions. Either price should hang over at the resistance or it should break. Hope it should collect big volumes to break and the process should be on from tomorrow.
Price after a huge fall made a falling wedge pattern and it has all probability to break up and move further up
I will buy PETRONET because : It has been taking support at the trend line . It has been consolidating and give big move soon. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 228/222 Target : 260/270 Stop loss : 214
Bullish harami has appeared on daily chart which is supported by bullish positive divergence. Those who have shorted below swing low might have trailed sl to 236. It is likely tot ake out that SL and make new minor swing high of 239-240. Buy abv 226.30 sl 220 for target of 236 and 239. Disc : it's not an investment advice to buy or sell
Petronet trading close to its hourly strong support... Buy between 236-237 for Target 242/245 with stop loss 234 Risk /Reward=1:2.5....notice-Rsi indicator also gets reversed from the level of 30 on 4hours chart,((short term target 254/258 with same stop loss...time 10-12 days max)).. This is my personal view and does not guarantee any success, so pls do your own...
one more wave pending in upside as per Elliott wave and once the triangle breakout then #petronet gonna fly.. once it broke up the D wave we can go for buy side and with the stop loss of c wave.....
Price - 255.15 Dt. - 26-02-2021 The stock is trapped in a triangle in the weekly chart. In upcoming weeks it can give a huge breakout. Volume is also increasing from the last few weeks indicating the stock could give a breakout. RSI is neutral.
Petronet is looking good for Buy side on Positional Basis - Breakout is about to come