Long if the upper triangle is broken
!!PAIR TRADE PETRONET-VS-ONGC!! EXECUTE THE FOLLOWING ONGC DEC FUT BUY@126.5 QTY:3750 CASH (DEL): BUY @126 QTY:2745 PETRONET LNG DEC FUT SHORT @273.5 QTY:3000 !!EXECUTE BOTH TRADES!! !!STATISTICAL ARBRITRAGE!! !!HOLD FOR GAINS!! !!FOLLOW UP-FOR UPDATE!!
We are at an important juncture EOW X for expanding flat of W 4 of cycle degree....lets witness some lower levels
PETRONET LONG ENTRY 246.70 , STOP-LOSS 244.70 , TARGET PRICE 253 NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
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...
PETRONET (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.
Trade Nivesh Trade Plans: Buy Above 249.7 with the Stop Loss of 246.5
Pole flag breakout formation
Sell Petronet on rise with SL of 245 and target of 226.2.
Long Idea in PETRONET. Broke out from the trading range.
PETRONET DAILY, above 200 sma and price approaching supply zone. With descending triangle pattern Target 230
PETRONET WEEKLY, descending triangle pattern. price will come down to 210-200