PETRONET trade ideas
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.
Petronet LNG is facing strong resistance - Neutral/Negative biasPetronet LNG is facing strong resistance and rejected multiple times from multi-year strong resistance. Stock is likely to consolidate before making any significant move up-side.
F&O data also suggest the same, as heavy call writing has taken place 260-280 levels for the 31 Dec Series.
Petronet LNG - H&S pattern on Weekly chartPetronet LNG - H&S pattern on Weekly chart ----- work in progress, keep an eye on this.
petronet lng buy buy from cmp to 258
tg 275
sl yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
Petronet - Long Bounty - IHNS PatternFellow Bountyhunters, We have spotted a Bounty on Petronet
We have visible IHNS pattern across weekly and daily in Petronet and the pattern is spanning across a year.
There are two ways we can trade this, one at the current location and second after the breakout on retest.
All other details in the chart. Confine your entries to lower time frame only!
All the best to Y'all!
PETRONET 1HRTHE STOCK HAS GIVEN A VERY BULLISH BREAKOUT OF THE CUP AND HANDLE PATTERN ON HOURLY TIME FRAME
BEST BUY WILL BE AT 270 LVL LET THAT RESISTANCE CROSS THEN GO FOR TARGETS
THE CHART LOOKS BULLISH
INDICATORS AND VOLUMES ARE SUPPORTIVE TOO
ONE CAN GO LONG FOR THE TARGETS MENTIONED ON THE CHARTS
