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Petronetlng

Petronet LNG: Stock to add to the kittyFundamental 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 nation 5. Predicted force majeure wins on account of cancellations Technical cues: 1. Gradual upward move along the lower trend line since the fall in March 2020 2. Big spike of green candle to reach the time tested sticky zone of 272-278 3. Volume spike indicating a strong and sustainable up move 4. MACD in day TF looking for a steep crossover 5. 50 EMA cutting 200 EMA from below. Price > 20 EMA > 50 EMA > 200 EMA whilst all EMA facing upwards. Buy: 270; Target: 300 (Short term) SL: 250 With cluster of positive news and market sentiments positive, it is a good buy even for long run as the company gives regular dividend. Since the stock is good buy and a good addition to the portfolio in the long run, stop loss need not be strictly obliged. However, in case of swing trading with tight liquidity - SL can be placed around 250
NSE:PETRONETLong
by Ram_HumbleIndianTrader
Buy Petronet Lng with SL 220 for 11th FebLong Petronet Lng on a minor dip with sl of 220.7 and target of 227. Adjust volumes as per entry price. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NSE:PETRONETLong
by thechama3
Descending Triangle on PetronetLNGDescending 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: Short below - 423.75 Target 1 - 414.75 Target 2 - 406.50 Stop Loss - 430.75 Note : Don't trade until the price to break the triangle.
NSE:PETRONETShort
by raj3elite
1