All for educational purposes only.
Buy 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 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 !
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
if 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 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.
Fundamental 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...
Very 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.
Note: 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.
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
if positive sentiments target1 267 (breakout) target2 277 tip: Be patience
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
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
Sell LNG below- 277.7 Sl-231 T1-222 T2-215
- 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.