PETRONET trade ideas
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.
Buy petronet LNGPetronet LNG having a good pattern on Invert Head & Shoulder.
Gas Demand is also increase after lockdown removal. they will show good Q3 result.
we can Buy Above 273 and target is 335.
Pertonet LNG (BULLISH)In 1 day timeframe An Inverted head and shoulder pattern can be seen.. if tomorrow sustain above 275, we may expect a good bull move..
PetronetLNG probable Symmetric Triangle Break outPetronetLNG seems worth to track for probable symmetrical triangle break out set up on weekly TF. Tested 200 wema twice with higher bottom & 20-50 EMA re-trying to positive crossover. 315 likely on weekly close/sustain > 265. 350 second probable tg.
PS : just a reading shared here. by no means trade recommendation.
Petronet Nearing a Breakout. Wedge & Ascending Traingle Energy Sector looks ready to breakout, not performed since 2018
All logic on charts.
If you consider candles from dotted line to current line it is forming a Ascending Triangle.
If you consider candles from All time high levels it is a Wedge pattern.
So ascending triangle and Large body candle of weekly close indicate a upside breakout.
PETRONET Bullish Head and Sholder PatternIn PETRONET their are good Bullish Head and sholder pattern......and if one Nake line is brake its First target is 307 and after braking it second target is 333 because Nake line is strong support
Elliott Wave counts on Cycle levels -Petronet LNG Petronet LNG Cycle level Elliot Wave Counts look Probable rally in coming days, because now started a dynamic 3rd wave with nice targets on upside. NSE:PETRONET
Buy if cross 252.45 .wait for the handle breakout Targets-257,263,269
SL-242
take the position at your own risk.
