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PETRONET - Ichimoku Bullish Breakout Stock Name - Petronet Lng Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 222 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:PETRONETLong
by nikunjbhadja
Investment dividend stock near support!Petronet LNG is an investment stock with amazing dividend yield and a TTM PE ratio of around 10 at CMP of 222. The chart of stock is quite simple. The stock is consolidating since 2017 but has continuously took support from a trendline which was earlier a resistance. The stock is currently available at a strong demand zone which is the confluence of it 200 week EMA and 50 week EMA. The stock is attractive at CMP and can also be added on dips uptill 205. SL can be a weekly closing below 190 and Targets can be 240,257 & 270. If the stock sustains above the supply zone of 270-280, we can see a flag-pole breakout which can take the stock to new highs . So keep this stock in radar for long term purposes as well. Note:- Idea has been shared for educational purposes only and should not be considered as a recommendation.
NSE:PETRONETLong
by chartistamey
3
triangle pattern breakout in PETRONET LNGThere is a triangle pattern formation in the chart for long term. Expecting a bounce back once it reaches 210-214 zone. Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly. Target:- T1- 242 T2-264 T3-300 T4-330 Stop @ 190 we have to wait and watch the pattern formation. An alternative view I will post in the forecoming chart's.
NSE:PETRONET
by n0m0ret0ss
Petronet About To Bounce BackTargets : 220-225 Buy range : 200-205 Stoploss : 187 Duration : 4-5 weeks The share price of Petronet LNG is currently placed at a major value area around 203-205 levels. The corrective decline of the last two months has the underpinning characteristics of a secondary correction within the larger uptrend. We believe the stock is likely to form a base around the major support area of 200-203 and resume its uptrend, thus providing a good entry opportunity for short to medium term with a favourable risk reward set-up. The corrective decline from the 52 weeks high of 229.50 in the last two-three months has helped the stock price to work out of overbought conditions and discover a value area around 200-205 being the confluence of the 50% retracement of the previous major rally from 171 (December 2016) to 229.50 (May 2017) and upward sloping lower channel band joining from 171.32 to 175.80 containing entire seven-eight months up move. Moreover, stock witnessed sharp surge in volumes near important support zone forming a “Bullish Piercing Line” chart pattern, which is said to be bullish reversal pattern, usually formed near supports (shown in blue circular object). Also it has been observed that the stock respecting its longer term 200-EMA line placed at 197 levels, thus providing an important support for the stock going forward. 14-period daily RSI has crossed above 30 levels and heading higher, slow stochastic has given a buy signal. We expect the stock to resume its uptrend after base formation around the above mentioned support area and head towards Rs 225 in the coming weeks, Hence suggest a Buy as per levels mentioned above.
NSE:PETRONETLong
by BHUMIT-ARQ
Large Rectangle Breakout Seen in GAIL India Ltd.Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in GAIL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. So now let's focus about company background. Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets. Market Cap ₹ 76,074 Cr. Current Price ₹ 116 High / Low ₹ 123 / 83.0 Stock P/E 18.4 Book Value ₹ 98.8 Dividend Yield 3.46 % ROCE 9.79 % ROE 8.69 % Face Value ₹ 10.0 Debt ₹ 17,816 Cr. EPS ₹ 6.32 PEG Ratio 5.93 Promoter holding 51.9 % Intrinsic Value ₹ 309 Pledged percentage 0.00 % EVEBITDA 10.8 PROS Stock is trading at 1.17 times its book value Stock is providing a good dividend yield of 3.46%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 43.6% CONS Company has a low return on equity of 13.8% over last 3 years. Earnings include an other income of Rs.2,947 Cr. Important levels for GAIL India Ltd. Buy in between 112-117. Targets we can see 130/140+ Keep Stop loss at 108.5 Price is above 200 EMA We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe. with Good Volume Price is sustaining above breakout trendline and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GAILLong
by TraderRahulPal
41
GAIL | Investment Pick📊 Details Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:GAILLong
by Munish_Jain
GSPL READY FOR A BLAST The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources. The stock has been forming an cup and handle pattern on the weekly timeframe . since 2021 the stock was forming this pattern and now it is approaching its final stage if breakout The fundamentals of the stock are quite stagnant but quite decent and the stock is trading below the industry PE of 18 , its other counterpart petronet LNG is also progressing at pretty solid pace TARGET 1 - 560 WITHIN 3-4 MONTHS
NSE:GSPLLong
by keshavmaharaj958