PETRONET trade ideas
Petronet LNG: Can go long above this trendlineA crucial support is now established at around 205-210 levels. A break above this trendline would be very positive. It went up with good volumes in a relatively weaker market today, expecting it to go higher tomorrow. Note: Only for educational purposes.
Petronet playing my boundaries :) update levels Mentioned in the chat .. Monday is decision making day.. !
Petronet playing within my boundaries :)This is my first technical Analysis; I draw trend lines on Sep month .. & monitoring one month full..
Now your Turn, Play with your own risk :(
Petronet Sept Expiry Trade Setup !TREND ANALYSIS & TRADE SETUP !
FLAG 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.
Reward is 4-5 times .
PETRONET0.5 Fib is known as healthy retrenchment and In candle at the support levels there is a doji formation which indicates a trend reversal
PETRONET LNGPETRONET shaped up in HEAD & SHOULDER pattern & price closes below the NECKLINE.
Bearish movement may remain intact.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Petronet Updated Chart !TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
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.
Reward is 5-7 Times
At support buy with small stopPrice at the support levels, go long with small stop loss below the previous low (wick). Target would be the trend line running at the top.
Petronet Head & Shoulder Chart Pattern !TREND ANALYSIS & TRADE SETUP
H & S 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.
Reward is 8-10 Times
Petronet Lng for a weekPetronet Lng looks good for a week.
Current Price. 246.80
TARGET. 253+
STOP LOSS. 242.40
petronet can buy for short term cmp 249.25 sl is 242petronet can buy for short term cmp 249.25 sl is 242
petronet positional buycmp 243
buy and accumulate till 230
sl 216
targets 253/259/267/280+++=
best buy zone 233 to 236
intradayis Petronet on a downfall?????
wait and see if it breaks support at 247.30
Only my view. trade at your own risk and stop loss
