Search in ideas for "PETRONET LNG"
Petronet LNG ( Positional Trade )PETRONET LNG { Positional Trade }
Chart structure looking good , expecting strong move after the range bound consolidation !
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DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
PETRONET LNG - NR7 PATTERNPETRONET LNG
The stock has formed an NR7 pattern.
RSI is in strong uptrend zone.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
Once the price breaks the high (263.9) of today's candle, we might see 270 & 275 price points.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
PETRONET LNG has formed a ROUNDING BOTTOM Chart PatternPETRONET LNG is displaying a ROUNDING BOTTOM CHART PATTERN.
Stock could be on the Upmove from here.
Target 1 : Rs, 382
Target 2 : Rs, 459
Target 3 : Rs, 535
Stop Loss : Rs. 279
PETRONET LNG - HIGH VOL - HIGH DELIVERIESPETRONET LNG HAS CUP & HANDLE FORMATION IN DAY CHART.
TRADING ABOVE 250 WILL KEEP THE TARGET AS 262.
TRADED SHARES - 58.63 L & DELIVERY % - 88.
REASON IS SUFFICIENT TO ENTER LONG.
Petronet LNG- Symmetrical Triangle, Cup and Handle & now ChannelPetronet LNG earlier broke out from a long Symmetrical Triangle in January 2017.
Then it went on to form long Cup and Handle pattern. It broke out of Cup and Handle pattern in April 2017.
And now it is trading in an upward Channel. The stock is trading at Channel support range 420-425.
The risk:reward ratio is highly favorable and is a high probability trade.
Stop loss can be placed at 400 and 1st target can be looked at 480 levels. 2nd target would be at 520 level.
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
Elliott Wave counts on Cycle levels -Petronet LNG Petronet LNG Cycle level Elliot Wave Counts look Probable rally in coming days, because now started a dynamic 3rd wave with nice targets on upside. NSE:PETRONET
Petronet LNG Date 09.09.2024
Petronet Lng
Timeframe : Day chart
Remarks : The stock has opened below the upward parallel channel since November 2023. This could be considered as serious breakdown of strong support band. One may definitely use a combination of 20,60 & 200 ema convergence or divergence method to see the strength & weakness going ahead. I suggest not to average or try catching falling knife in anticipation. Let the stock resume its channel in order to long the trades.
Regards,
Ankur
Petronet lng Chart analysis and Confirm Targets Petronet lng Demand and Supply Zones Analysis
Stock is almost in consolidate from 5/6 years and now near buying zone of 245/255
Long term Targets are 347/387
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!!
PETRONET LNGTODAY PETRONET LNG BREAK HEAD AND SHOULDERS PATTERN. IT'S BIG BREAKOUT FOR THIS STOCK TO BUY FOR A SHORT TERM. THE FIRST TARGET IS 245. AFTER THE FIRST TARGET IT'S READY FOR 270-275. SO WATCH THIS STOCK FOR SHORT TERM AND ADD IN YOUR PORTFOLIO.
NOTE:- SHORT TERM ( 2 DAYS TO 3 MONTHS )
BUY PETRONET LNGPETRONET LNG FORMED TRANGLE IN WEEKLY CHART ITS COMING IN SUPPORT ZONE , SO WE CAN TAKE LONG POSITION IN THIS ZONE 236 - 240.
BUY = 236 - 240
STOP LOSS = 232
TARGET = 320 , 360
long petronet LNG above 254 on closing basicPetronet LNG :
watch for W breakout daily
good volumes
PR
Long above 254 on closing basic
first Target : 265-270
2nd target : 285-290
SL : 235
Buy petronet LNGPetronet LNG having a good pattern on Invert Head & Shoulder.
Gas Demand is also increase after lockdown removal. they will show good Q3 result.
we can Buy Above 273 and target is 335.
Positional Buy - Petronet LNG LimitedPetronet LNG Ltd had formed 3-Bar bullish pattern which usually happens before strong swing moves. Expect good positional up move in this stock with first entry above 239.45 with SL of 231.90 & swing target of 10% and above.
Stock had also broken trend line resistance in 30min charts & given second entry above 244.80. Buy with a initial target of 259.
DAY TRADE IN PETRONET LNG MAY (FUT)PETRONET LNG DAY TRADE
HAS COME BACK TO GOOD DEMAND LEVELS
FUTURES TRADE
BUY @207
STOP @205
TARGET 1@210
TARGET 2@213
LOT:3000
SUGGESTED LOT:2
Buy set up in petronet LNGPetronet LNG take a support at 240
Now on uptrend till 275
Buy at every dip.
Turning Bullish: Petronet LNGIntro:
Petronet LNG Ltd. designs, constructs, and operates Liquefied Natural Gas (LNG) Import and regasification terminals in India. It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum and ONGC holding 12.5% each.LNG Petronet accounts for 33% of gas supplies in the country and handles around 75% of LNG imports in India.
Stock Fundamentals:
Stock P/E: 13.5 (Ind. P/E:21); Book Value: ₹ 113; Dividend Yield: 2.90 %; ROCE: 26.4 %;
ROE: 22.2 %; OPM (Quarterly) %: 12% (Jun 2024) marginally higher than Mar 2024 (8%).
OPM (yearly): 10%
Stock Technicals:
LNG Petronet Turned bullish recently.
It bounced sharply from 325 levels with good volume.
20EMA just crossed above 50 EMA.
Support levels: 340, 319, 299
Resistance levels: 364, 371, 385
PETRONET (Petronet LNG Ltd) BUY ABOVE 251PETRONET (Petronet LNG Ltd) BUY ABOVE 251
Stock gain momentum today, and if it crosses it's previous resistance of 251, then stock may see targets of 255 and 260.
PAIR TRADE !!PETRONET LNG -VS-ONGC!!!!PAIR TRADE PETRONET-VS-ONGC!!
EXECUTE THE FOLLOWING
ONGC
DEC FUT
BUY@126.5
QTY:3750
CASH (DEL):
BUY @126
QTY:2745
PETRONET LNG
DEC FUT
SHORT @273.5
QTY:3000
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
