Petronet long swing opportunity A good swing opportunity in petronet.
Entry:- 246.5
Stoploss:- 240.5
Target:- 252.5
PETRONET trade ideas
Petronet Long swingA good swing opportunity in petronet.
Entry:- 246.5
Stoploss:- 240.5
Target:- 252.5
Long Petronet - Target 260, 275, 298++Petronet has finally given a channel breakout after 4 months.
CMP-245, Target for Short term - 260/275 and 300+ in medium term.
SL below - 222
Please note that the above is for our analysis and educational purpose only. Please do your research before investing
PETRONET LNG Short & Simple Short term Analysis✔✔💢for risky players💢
enter @230-40 range
strict sl below 200🙏
trgt 258-275-300+🎯🎯
long 400+💰
is this Accumulation Or distribution?
🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels.
🔹Stock with good financial performance alongside good to expensive valuation.
🔹Strong Financial perfomance.
🔹Also the chart looks postive.
🔹Has been consolidating for the last 4 years.
✔197-202 is the major support level of the stock.
✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇
✔Just 15% from it's major support(4 year support).👇
✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇
I am not sure guys. I shared just my analysis✨
you can also share your views. Comment below✨
Anyway keeep watching
note this is not a stock recommendation Study then enter🙏
like💚comment💚support
PETRONET LNGPetronet
LOOKING Bullish : Buy on breakout
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Disclaimer:
# Only for education purpose
# Do not trade without consulting your financial advisor
PETRONET LNG 1M TF The triangle formation seems complete as of now, Worth a hit at CMP.
Trend continuation expected beyond 250+
Crossed 55 days moving average If break further resistance of 243.90 will ready for next tgt of 248,255,260
PETRONET - Buy1) Closed above supply zone with good volume.
2) Momentum picked up in last 2 days.
3) Bullish divergence on RSI
4) Stock trading above 21 EMA
5) Close to breaking the 21 Day high.
Buy with a SL 214 DCB.
Petronet - At Resistance and quickPrice this time after taking the support from the trend line formed a falling wedge pattern and the breakout takes the price swiftly to the resistance in 2 sessions.
Either price should hang over at the resistance or it should break. Hope it should collect big volumes to break and the process should be on from tomorrow.
Petronet - Falling wedge Price after a huge fall made a falling wedge pattern and it has all probability to break up and move further up
PETRONET POSITIONAL BUY CMP 215
BUY AND ACCUMULATE TILL 212 SL 202 ON CLOSING BASIS
TARGETS
221/226/232/241/248/253/258+
Buy signal.Buy to catch the swing of 20 percent, use stoploss of 14 points, it may take few weeks to acchive target.
LONG PETRONETEnter in PETRONET between 220 and 200....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 300,275 and long term above 380 easily......levels are marked........ best buy if goes around 185
Double Top pattern.Petronet LNG is forming Double top pattern, can Buy. If sustain 235 level. In previous case it broke the 235 level, Can long for target of 270.
PETRONET go long , Price is at its major support I will buy PETRONET because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 228/222
Target : 260/270
Stop loss : 214
