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Petronetlong

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 222 #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
Simple Trade Setup | PETRONET LNG | 06-09-2021NSE:PETRONET Observations: 1) On Daily Time frame, if you can see that level 230 is working as critical level since long time. It was working as both support and resistance since long long time. Please refer below chart : Daily time frame. 2)Also, on Daily Time frame you can see that it has closed above 100DMA but still below 200DMA. One good thing is that it has broken and taken good support from 21DMA. Please refer below chart : Daily time frame. 3) Further on Daily time frame it is forming rounding bottom pattern. And neckline/breakout level for the same is 230 level. Please refer below chart : Daily time frame. 4) On 15min Time frame we can see that since 17 Aug it is getting good support from the accending parallel channel. Please refer below chart : 15 min time frame. ------------------------------------- For POSITIONAL trade one can take safe long position only on sustainable breakout of 230 level. SL will be 218 and Target will be 250/260/270 in short/mid term. ------------------------------------- Trade Setup for Date 06-09-2021: 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
Petronet Lng Weekly Chart - Go Long1. Petronet lng on weekly chart it took support on positive divergence and formed a spinning top kind of candle, which is an indication for trend reversal. 2. Risk takers can go long while crossing previous week high with strict stop loss. 3. Others can wait for the candle to close above previous week high and go for long. 4. Levels are marked on the chart. If you have any other opinion or different approach pls feel free to comment so that we can rectify. This is purely for Educational purpose, before investing pls do your own analysis or consult your financial advisor. Thanks!!
NSE:PETRONETLong
by Loganathan_Mani
2
PETRONET LNG Short & Simple Short term Analysis✔✔💢for risky players💢 enter @230-40 range strict sl below 200🙏 trgt 258-275-300+🎯🎯 long 400+💰 is this Accumulation Or distribution? 🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels. 🔹Stock with good financial performance alongside good to expensive valuation. 🔹Strong Financial perfomance. 🔹Also the chart looks postive. 🔹Has been consolidating for the last 4 years. ✔197-202 is the major support level of the stock. ✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇 ✔Just 15% from it's major support(4 year support).👇 ✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇 I am not sure guys. I shared just my analysis✨ you can also share your views. Comment below✨ Anyway keeep watching note this is not a stock recommendation Study then enter🙏 like💚comment💚support
NSE:PETRONETLong
by ANKITHSHAJU
2
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