PETRONET trade ideas
PETRONET | Flag formation , looks good for 24%PETRONET | Flag formation , looks good for 24%
CMP : 256 (Dip till 250 as we have recent Flag support)
SL : 245
Target : 280, 315
1:3 risk reward setup for first target
(Attached weekly chart in comment section for the second target view)
Petronet flag pattern formedFlag pattern is formed. In next 2 days expected to resume uptrend.
Buy 250, Target 275, SL 245
This is analysis, not a recommendation.
PETRONET LNGExpecting pattern top.
Once breakout, pattern, enter retrace & wait for the targets.
Target 310 to 320.
Petronet 1D chart trading on an important price levelplease take entry once u get a proper breakout or reversal from the levels, Kindly support my views.
[Buddha] PETRONET Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
#PETRONET CASH : LOOKS GOOD ABOVE 243.10#PETRONET CASH -POSITIONAL FOR 3-4 DAYS
10.11.2020
LOOKS GOOD ABOVE 243.10
AND DIPS 240-241
STOPLOSS 238
TARGET 247.50-248/254/260
CMP 239.10
PETRONET - SWING PICK by Market MattersA 'W' pattern breakout is a clear cut indication of a trend reversal...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Petronet LNG - Go long with a stop loss of 227.Levels mentioned on chart,
pls consult your consultant before taking any position, avoid derivatives. Buy in cash with a medium term review.
LONG- PETRONET LNG Price has given a strong breakout from the 230 levels which was tested multiple times with volumes. Wait for a Pullback, around 230 Levels to go long for the targets of 248 with a Stoploss of 220.
Good 1:2 RR!
Petronet - Positional LongPetronet LNG Has given a clear Long Signal basis Decreasing Vixfix/ Increasing OBV.
1st Target: 235
PETRONET - After a good downtrend "Bullish White Soldier" foundEven after todays big decline most GAS stocks didnt fall, the other day i posted buy in IGL now Petronet, MGL also closed in green today. Gas sector has fallen so badly even after big rise in index. Hence expecting a rally in GAS sector, so after IGL, Petronet is also in BUY.
Buy At 218 Maintain Strict SL - 206.9, Target - 240
