Petronet LNGSL Day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Search in ideas for "PETRONET LNG"
Petronet LNG - 6 years of range breakoutAfter the bull run, stock retrenched to 61.80% fib level and consolidated for 6 years.
The range breakout visible in chart, aptly supported by volume and technical indicator.
Stop Loss below 20EMA; Target 1 Rs 415
Weekly Chart
After four year of consolidation, the stock given a descending triangle breakout with breakaway gap.
Technical Chart
Golden crossover of ema 50 & 200 with breakout volume, certainly confirm the bullish strength in stock.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Petronet LNG in BUY Zone !!* Near 52 week low
* 2nd Largest company in Industrial Gases & Fuels Sector
* Although quarterly sales has fallen by 12%
* fundamentals are decent not so bad
* accumulation range is (180-200)
* might take 2-3 months to consolidate in this range and then recover.
* pure technical entry at this range
Petronet LNG Ltd - Broken Multi Year ResistanceCompany engaged in the import & re-gasification of liquified natural gas.Near 52 week high zone. Breakout of 2 years consolidation happened. Trying to break the strongest resistance zone. Reaping the benefits of lower crude oil price. Net profit of last 3 quarters are promising. Only concern is in the sales side. Long way to go. Expecting good return .
Petronet LNG symmetric triangle patternScrip has breached its 200 weekly ema and forming a symmetric triangle pattern. A clear sign of breakout/breakdown on weekly charts. I am more aligned towards short but it depends on oil and gas global cues.
Disclaimer: This is just for educational purposes won't be responsible for any trade taken on this basis. Please consult your financial advisor before making any trade.