Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Petronet LNG is an investment stock with amazing dividend yield and a TTM PE ratio of around 10 at CMP of 222.
The chart of stock is quite simple. The stock is consolidating since 2017 but has continuously took support from a trendline which was earlier a resistance.
The stock is currently available at a strong demand zone which is the confluence of it 200 week...
Company engaged in the import & re-gasification of liquified natural gas.Near 52 week high zone. Breakout of 2 years consolidation happened. Trying to break the strongest resistance zone. Reaping the benefits of lower crude oil price. Net profit of last 3 quarters are promising. Only concern is in the sales side. Long way to go. Expecting good return .
Here is a Government Company. now started moving after making a base in a weekly time frame.
Its been in the range Since 2017 and has also passed the Covid Crash and even then respected the same levels. It started its rally back then in 2014 and continued till 2019 and since then it is consolidating at the same level.
It has started moving after taking its...
Stock Name - Petronet Lng Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 231
#This is not Buy and Sell recommendation to any one. This is for education...
THE STOCK IS NEAR SUPPORT ZONE IS 200
SUPPLY ZONE IS STRONG
Disclaimer : All the IDEA made on this channel are for educational purpose. Investing and trading in stock markets is a risky business,hence please do your own research or consult your financial advisor before investing .Chirag,popat123 doesnt give any tips or calls,simply expresses views for...
1) On Daily Time frame, Finally it has broken and closed above 200 DMA. 200DMA is placed at 236.74 level.
Only negative thing is that volume of today was less than yesterday as well as just below averange of 21 days.
Please refer below chart : Daily time frame.
Trade Setup for Date...
I am posting this on request from one of the follower.
1) On Daily time frame, we can see that 21DMA has made crossover of 100DMA.
As per theory when the small moving average crosses above big moving averange then it will be a sign that a bullish move is going to come.
But this doesn't work all the time. This is just a...
I am selecting PETRONET again for 07-09-2021.
1)On 15min Time frame today we can see that it has broken out from the parallel channel and also closed above 230 level.
Tomorrow if it sustain above 230 level then we can see a good upmove.
Please refer below chart : 15min time frame.
2)On Daily Time frame we can see that after...