Petronet for longGo long above trendline and sustain in 15 mins for 1% target upto the above resistance with stoploss below trendline for each breakout
PETRONET trade ideas
PETRONET Short SetupPETRONET after breaking out of adam & eve top , now retracing back to the structure .
Good short with SL 255 and target of 230 in coming days.
Cheers !
PETRONET ANALYSIS 07.08.2020SELL 246
TARGET 236
IF IT OPEN IN GAP UP IT WILL COME DOWN
IF IT OPEN IN GAP DOWN IT WILL GO UP . CHANGE THE TARGET AS BUY PRICE AND SELL AS TARGET
WAIT FOR BETTER CONFORMATION AND WATCH WHERE IT IS OPENING.
PETRONET - NARROW RANGE!!#PETRONET
BUY ABOVE 200EMA
SL 242
TGT 400EMA/ 259/ 264
SELL BELOW 245.5
SL 200EMA
TGT 242.5/ 238/ 232
PETRONET LNG Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Intra-day for petronetif price > 262-263
target1-270
target2-278
follow the channel.
tip: if the price goes below the channel at any moment exit;
Petronet- Buy above 254.45 ONLYPetronet- Buy above 254.45 ONLY
SL:3.5 Points
TGT: 4.5++ Point (Will update later)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
PETRONET Iron Butterfly [4.4:1 Profit:Loss]The stock has been range bound between 250 and 280 since June. Without any external triggers, we expect it to trade within this range until July expiry
Iron Butterfly is a neutral strategy whereby we profit as long as the stock remains within the strategy range
Petronet Iron Butterfly i.ibb.co :
Buy 1Lot 250 Put 30Jul ~ 6.25
Sell 1Lot 265 Put 30Jul ~ 15.45
Sell 1Lot 265 Call 30Jul ~ 5.25
Buy 1Lot 280 Call 30Jul ~ 2.2
Breakeven at expiry : 252.8, 277.2
Which means we profit as long as Petronet closes anywhere between 252.9 and 277.2 at expiry. Therefor, use these 2 levels as stoploss and close out respective individual strategy leg if the stock breaks out or breaks down
Credit Received : 36750
Max Profit at Expiry : 36750
Max Loss at Expiry : 8250
Max Profit:Loss 4.4:1
Strategy Diagram and other details present in the image link attached i.ibb.co
This is just my 2 cents on the stock. Please trade cautiously and at your own risk
Happy Trading!
PETRONET Ascending trianglePETRONET has given a breakout with good volume. Will be good for Short Term.
Note - These are not buy or sell recommendation. Kindly do your own analysis before investing your money into any kind of financial instrument.
Petronet LNG - LongStock has uptrend
Consolidating in rectangle pattern since last week
Can be seen good upmove if sustain above 280
Petronet LNG: Stock to add to the kittyFundamental positive cues:
1. Indian Govt. news on regulating tariff and facilities of LNG to boost demand
2. Decreased impact on financial performance in spite of lockdown
3. June and July seeing an increase in storage and pipeline utilization in its major sites (Dahej Terminal) compared to April / May
4. Permission granted to open LNG stations across the nation
5. Predicted force majeure wins on account of cancellations
Technical cues:
1. Gradual upward move along the lower trend line since the fall in March 2020
2. Big spike of green candle to reach the time tested sticky zone of 272-278
3. Volume spike indicating a strong and sustainable up move
4. MACD in day TF looking for a steep crossover
5. 50 EMA cutting 200 EMA from below. Price > 20 EMA > 50 EMA > 200 EMA whilst all EMA facing upwards.
Buy: 270; Target: 300 (Short term) SL: 250
With cluster of positive news and market sentiments positive, it is a good buy even for long run as the company gives regular dividend.
Since the stock is good buy and a good addition to the portfolio in the long run, stop loss need not be strictly obliged.
However, in case of swing trading with tight liquidity - SL can be placed around 250
Petronet LNG - Good potential to move upStudy - (5th Jul) - PCR - 0.5 bullish; OC looks bullish as call unwinding happened at 290 but long position observed at higher level. Stock Huge resistance at 280 of 3L OI. 3rd July huge stock offloading observed due to short covering.
Given a BO from the channel as well as above the trend line. Weekly candle is extremely bullish. RSI has also given breakout and is extremely bullish. More short covering will be observed once price sustained above 275.
GOLDEN CROSS OVER has happened.
Keep it in radar as probability is on higher side for up move.
*This chart is for educational purpose only.
PETRONET BreakoutVery Strong Breakout for Petronet on account of very high volume. Relative strength sloping upwards indicating the stock is doing better compared to broader market index over the last few weeks.
Petronet - Bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout and price might test the upper channel. Moreover, there is a high buying volume spike. RSI above 60 confirms bullish momentum.
Petronet LNG ( Positional Trade )PETRONET LNG { Positional Trade }
Chart structure looking good , expecting strong move after the range bound consolidation !
.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Petronet Risky Setup !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
PETRONETCan enter with a sl of 257 for a target of 266 269 and 271
If goes below 257, can be a short for 252 and 247 below which 242
