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Petronetlng

Investment dividend stock near support!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 EMA and 50 week EMA. The stock is attractive at CMP and can also be added on dips uptill 205. SL can be a weekly closing below 190 and Targets can be 240,257 & 270. If the stock sustains above the supply zone of 270-280, we can see a flag-pole breakout which can take the stock to new highs . So keep this stock in radar for long term purposes as well. Note:- Idea has been shared for educational purposes only and should not be considered as a recommendation.
NSE:PETRONETLong
by chartistamey
3
Trendline BrekaoutHere 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 previous support i.e. 200, But was not giving breakout of its short term downtrend line since 2019. Now it has given a breakout with a bullish candle and hence can be traded. Entry - At the same level i.e. 230 Stop Loss - At the last swing i.e. 210 Reward - there is ling term resistance at 270. (One can check the price action there as it may give a breakout this time.) #keep learning *This is a swing trade and can take 1 month to 3 month time.
NSE:PETRONETLong
by rohitbansal1212
PETRONET - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:PETRONETLong
by nikunjbhadja
Simple Trade Setup | PETRONET | 28-09-2021NSE:PETRONET Observations: 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 28-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:PETRONET
by Trading_hawk
Simple Trade Setup | PETRONET | 24-09-2021 [INTRADAY]NSE:PETRONET I am posting this on request from one of the follower. Observations: 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 sign. But for the trader it is always to keep such sign in mind but follow levels to trade. 234 is immediate critical resistance. Please refer below chart : Daily time frame. 2) One 1 hr time frame we can see that it has been trading in parallel channel pattern. Please refer below chart : 1 hr time frame. ------------------------------------- Trade Setup for Date 24-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:PETRONET
by Trading_hawk
9
Simple Trade Setup | PETRONET LNG | 07-09-2021NSE:PETRONET I am selecting PETRONET again for 07-09-2021. Observations: 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 making rounding bottom pattern, today it opend gap up above 230 level and closed above 230 level. If tomorrow it gets support from 230 level then we can see a good up move. Only drawback for today is that it has made bearish candle on daily time frame. Please refer below chart : Daily time frame. 3) Also on 15min time frame it has made rounding bottom pattern today. With neckline level at 231 level. For intraday trade 231 level breakout will give good intraday up move. Please refer below chart : 15min time frame. ------------------------------------- For POSITIONAL long trade , one can take long position for short term from CMP as far as it is trading above 230 level. SL will be 225 and target will be 240/245. ------------------------------------- Trade Setup for Date 07-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:PETRONET
by Trading_hawk
7