PETRONET LNG#petronet
- "w" Chart Pattern
- Dividend Coming Soon
Target:- 381.50
Stoploss: Your
Entry:- Your
LongPetronetviews
Long
Petronet Gives brakeout on Daily chartNSE:PETRONET
Petronet Gives brakeout on daily chart
I am Buying this stock on Rate 355
And following SL of 310
And my target is 405
Long
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.
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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.
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.
Plea
PETRONET LNG short term levelsNSE:PETRONET
PETRONET LNG now at the resistance level 230-231. can be see good move if it sustain above these levels.
SL 226
Long
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 23
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
Petronet Diamond Pattern IdentifiedDiamond Pattern Found
Buy Petronet
Closing Price - 231
Best Price To Buy - 215-220
SL - 206 (WCB)
Target - 270/290
Long
At support buy with small stopPrice at the support levels, go long with small stop loss below the previous low (wick). Target would be the trend line running at the top.
Long