BuyBuy above 260 and upto 262 sl 242 TGT 282-300
Buy around 251 sl 240 TGT 282
Disc : It's not an advise to buy or sell
PETRONET
PETRONET Short SetupPETRONET after breaking out of adam & eve top , now retracing back to the structure .
Good short with SL 255 and target of 230 in coming days.
Cheers !
PETRONET LNG Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Intra-day for petronetif price > 262-263
target1-270
target2-278
follow the channel.
tip: if the price goes below the channel at any moment exit;
Petronet- Buy above 254.45 ONLYPetronet- Buy above 254.45 ONLY
SL:3.5 Points
TGT: 4.5++ Point (Will update later)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Petronet LNG: Stock to add to the kittyFundamental positive cues:
1. Indian Govt. news on regulating tariff and facilities of LNG to boost demand
2. Decreased impact on financial performance in spite of lockdown
3. June and July seeing an increase in storage and pipeline utilization in its major sites (Dahej Terminal) compared to April / May
4. Permission granted to open LNG stations across the nation
5. Predicted force majeure wins on account of cancellations
Technical cues:
1. Gradual upward move along the lower trend line since the fall in March 2020
2. Big spike of green candle to reach the time tested sticky zone of 272-278
3. Volume spike indicating a strong and sustainable up move
4. MACD in day TF looking for a steep crossover
5. 50 EMA cutting 200 EMA from below. Price > 20 EMA > 50 EMA > 200 EMA whilst all EMA facing upwards.
Buy: 270; Target: 300 (Short term) SL: 250
With cluster of positive news and market sentiments positive, it is a good buy even for long run as the company gives regular dividend.
Since the stock is good buy and a good addition to the portfolio in the long run, stop loss need not be strictly obliged.
However, in case of swing trading with tight liquidity - SL can be placed around 250
PETRONET BreakoutVery Strong Breakout for Petronet on account of very high volume. Relative strength sloping upwards indicating the stock is doing better compared to broader market index over the last few weeks.
Petronet - Bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout and price might test the upper channel. Moreover, there is a high buying volume spike. RSI above 60 confirms bullish momentum.
Petronet Risky Setup !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
Patience is the secret-"Patience Pays"if positive sentiments
target1 267
(breakout)
target2 277
tip: Be patience
PETRONET Bearish Harami Sustained above 237 will lead the price to reach the target of 241/245/249/ trail sl sl 229.3
Sell below 219 if sustained then 214/212/206 is the target with trail sl of 229.3
**Educational purpose only
Petronet Risk Trade Setup with small Stop Loss !! TREND ANALYSIS & TRADE SETUP
Wave Analysis & 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 setup, if available then Long/short.
Reward is 8-10 Times
Petronet LNGIt is showing signs of reversal from its PRZ zone of 2 bullish harmonic patterns - Deep Crab and AB=CD. It could retest 260-265 provided it does not go below 243
PETRONET FUT SHORT - Swing trade - Rejection from 50% Fib coinciding with resistance
- Clear Pinbar
Will be taking position at 50% retrace of Pinbar or at the breakdown with stop entry.
targets marked in the chart.
