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. ...
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.
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...
one can initiate swing trade for long if find reversal form harmonic PRZ. keep stop loss as per chart.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
1. 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...
💢for risky players💢
enter @230-40 range
strict sl below 200🙏
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.
Petronet- Buy above 254.45 ONLY
TGT: 4.5++ Point (Will update later)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Fundamental 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...
Note: This is for educational purpose only.
There seems to be a bullish breakout and price might test the upper channel. Moreover, there is a high buying volume spike. RSI above 60 confirms bullish momentum.