PETRONET
A PERFECT FIT "BUY ON RUMOR SELL ON NEWS" We are at an important juncture EOW X for expanding flat of W 4 of cycle degree....lets witness some lower levels
PETRONET LONG ( INTRADAY )PETRONET LONG ENTRY 246.70 , STOP-LOSS 244.70 , TARGET PRICE 253
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
SHORT with good Risk to Reeard Ratio of above 4 !The chart is showing frequency at the down sloping PF. The prices broke the UML and came back again start trading below it. It may have shaken the weak traders today and may fall till ML. It offers a good opportunity to trade it with small SL with risk and reward ratio of above 4.
Entry current Price 250
SL 254 closing
Target 232
Risk/Reward Ratio 4.3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
PETRONET (Petronet LNG Ltd) BUY ABOVE 251PETRONET (Petronet LNG Ltd) BUY ABOVE 251
Stock gain momentum today, and if it crosses it's previous resistance of 251, then stock may see targets of 255 and 260.
PETRONET DESCENDING TRIANGLEPETRONET DAILY, above 200 sma and price approaching supply zone. With descending triangle pattern
Target 230
PETRONET WEEKLY, descending triangle pattern.PETRONET WEEKLY, descending triangle pattern.
price will come down to 210-200
3LR /UP Sloping Channel Price action has nicely formed UP Sloping Channel which is quite easy to trade. RSI above 50 is also confirming the decision and today's bar has made a 3LR reversal pattern. One can take the long position as the details given below
Entry 216
SL 208(closing)
Target 232
Risk/Reward Ratio 2,67
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
