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...
Bullish Pin Bar of Petronet make it 242
SHORT SWING TRADE IN PETRONET AUGUST FUTURES SHORT@230 STOP@233 TARGET@223.5 LOT:3000 QTY:!
Break of 202 looks like it will go to 190
Long Trend line on Petronet LNG and whether it will Make or Break ? Trade Levels are mentioned on Chart.
Descending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break. Trade:...
Let's fill in our tanks and make ourselves ready for upside Breakout in Petronet. Actually I'm not interested in the downside Breakout, if you zoomout n see there can be shark pattern formation, haven't checked it though by drawing just saying by the perception I get from Petronet. You can try for that shark also if interested but simple channel upside break can...
Go long after breakout with high volume and MACD crossover. Target is height of the range. Targets and SL in chart.
It has been observed in daily chart cup and Handle break Out watch near 410/420 for Target 490+ stop loss 400.
HnS breakout in Hourly chart within a bigger triangle. Should target 405 going forward.
It is been observed on the daily chart that the price action is forming a descending triangle indicating selling pressure by the big players. It shall further move down. Regards Target 1: 370 Target 2: 360 Stoploss: 385
On hourly chart, the price action is trending in a downward trend channel as it is making lower Lows (LL) and Lower Highs (LH) indicating weakness and bearishness. Refer to educational series on Channels to understand it better. (Links provided below) Target: 317.50 Stoploss: 340