#11082021 #PETRONET LNG #Double Bottom #11082021 #PETRONET LNG #Double Bottom
Divergence with RSI
CMP 213
T1 - 230
T2 - 245
Search in ideas for "PETRONET LNG"
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 :
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Petronet LNG Ltd#PETRONET
CMP : ₹.337.4/-
Major player in the field of LNG imports. Looking technically good for small, medium and long term.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
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
Petronet LNG Limited - Are bulls in ?NSE:PETRONET has been trading in the range of 210-280 for about 1 year. At the current moment, it looks like NSE:PETRONET has taken its support over T2 while crafting a falling wedge pattern ( T1 & T2 ). It has broken another trendline T3 with a good volume that increases the confidence of the bulls.
One may initiate a long position with a stop loss below 211 while focusing on the other energy stocks and Nifty Energy.
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PETRONET LNGPETRONET LNG...near verge of trend line breakout.
Target: 258
****Analysis is only for educational purpose**********
NSE:PETRONET
PETRONET LNG SHORTNSE:PETRONET
BEARISH A BAT & ABCD PETRONET CMP 228.70 @ 17/6/19
PRZ 264 TO 266 SL 279 T1 254 T2 248
CHART BY HARMONIC LEARNING AND EARNING
Petronet LNG Good for a Swing.NSE:PETRONET is looking good for swing trade up to it's Resistance Levels.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
PETRONET LNG#petronet
- "w" Chart Pattern
- Dividend Coming Soon
Target:- 381.50
Stoploss: Your
Entry:- Your
Petronet LNG: Bullish Pattern formationNSE:PETRONET is showing an interesting breakout pattern.
It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume.
Structure wise it is also creating an higher high patten.
Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.
Petronet LNG : ready for strong runPetronet showing strong bullish indication.....Watchout
Chart posted is for educational purpose only and not a buy/sell recommendation. Consult your financial advisor before taking any decision.
Petronet LNGPetronet has been facing resistance around 230 levels from last many days.
Now it is looking ready for Breakout. RSI is also hovering above 60 levels.
SL - 220
Target - 247
Petronet - Positional LongPetronet LNG Has given a clear Long Signal basis Decreasing Vixfix/ Increasing OBV.
1st Target: 235
PETRONET LNG AnalysisNSE:PETRONET
Enter trade either Long or short based on daily close deviating the pennant.
Targets are as shown in image
Petronet LNG - Bullish viewI have entered the marked level for swing trade.
Reasons for buying:
1. Breakout at 1 H time frame.
2. Stock is trading at all time high. These stocks generally perform good after breakout.
3. Breakout with volumes.
Please note that it's not a recommendation to buy. I have posted my analysis for educational purpose. Please do your own analysis before buying. I am not responsible for your profit or loss.
PETRONET LNG - IN BUY ZONE It has broken 2015 high of 296 in Month of April 2024.
Since then 296 is been acting as a strong support, which can be easily verify in last few session.
Petronet is again at this level and can sho recovery.
Movement above 300 is a buy for targets of 315
SL - 290
PETRONET LNG WEEKLY ANALYSISPETRONET on weekly chart above 230 closing on weekly price can lead to 350
its a very long term time correction / consolidation area currently breakout can move very fast assuming
PETRONET LNG Trade Setup !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk : Reward: 5-6 times.
Petronet LNG: potential upmove of 64%➡️sector with massive potential
➡️EPS has doubled since 2017
➡️low P/E
➡️public holding <10%
Safe traders to enter on ATH & 7 year box #breakout
Disc: already invested
PETRONETPetronet lng moving upside. 219 level is a Good support. Confirm this level with bullish sentiment Target is 234.
