300 Target SoonAll Graph Says, reversal from Heavy trend line support, 2021- budget Support for the sector. For educational purpose only
Watch on 15 -17 Feb. Was waiting for nifty confirmation in last 2 days
PETRONET trade ideas
Petronet - Positional BuyPetronet is looking good for Buy side on Positional Basis - Breakout is about to come
Petronet - Longing for Buy Petronet is forming a pennant pattern in monthly TF .
Pennant pattern is a bidirectional pattern but I will be placing my bets on long side as per levels mentioned on chart with Strict SL.
Any queries just comment , will be happy to discuss :)
Thinking in Essential Its Not Necessary How much you know but the truth and Quality of what you know that counts on real time
The way to narrow down the data is to specialize in one or tow areas , the Key to processing information is the ability to abstract the essential
information from the existing data
In order to do this One have to relate the information to principles that define the Larger success in the Financial Market
" A Principle is a broad generalization that describes an unlimited number of specific events and co-relates vast amount of data "
it is with principle that can take complex market data and make it relatively simple & meaningful
Majority of traders lack the Principle , Key determination of Trend , Maturity of Trend, Turn around ,
Commenting is easy or copying is easy , having a Principle Key Methods is not easy it has its own course of Learning curve
I have made an visual Highlight in this script and One can Understand it to take the executive decision on real time
Good luck
RSI Divergence in Petronet on 15 min TFNote, there is a risk it may fall further till the lower support of 227-228 depending on the strength of NIFTY. Can go long if it bounces from the current support or wait to enter upon further signal.
Strong recovery from lower levelsI had discussed this in detail in the LIVESTREAM done yesterday.
Nifty dips analysed around 13800 has been achieved.
UBL was a potential long.
PETRONET shown here was also analysed in detail.
www.tradingview.com
Can watch it in the above link.
Petronet Investment Idea !!TRADE SETUP !
CHART PATTERN !
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 setup, if available then Long/short.
long trade on petronettodays price action in petronet suggests a good up move on Wednesday. shall go long around 240-241 with 238 as SL. let the market decide what the target is by eod..
PETRONET | RSI divergence - High volatile stock - 10%PETRONET | RSI divergence - High volatile stock - 10%
CMP : 244
SL : 235
Target : 270
1:3 risk reward setup
PETRONET !! Reverse Head and Shoulder BreakoutHold This for long term, it can give good returns, Buy level is 281 Breakout
Falling channel breakoutStock may perform same like pel in intraday also .need wide bull spread closing same like pel to go long postionally. Price has broken falling channel , price is above 200MA, bulls volumes are coming,we have not seen quality buying in whole channel, but quality buying is there.
Pitchfork breakoutPrice has broken pitchfork pattetn, volumes are rising , price is above 200 MA, with 5-6% sl can be taken postionally long.
