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
PETRONET trade ideas
PETRONET LNG - Ready to Blast!!PETRONET LNG
PETRONET is trading in an upward trending channel and has formed a very narrow trading range.
RSI is extremely Bullish.
ADX supports an Uptrend.
DAILY trend is BULLISH as well.
Once the prices breakout of the channel we might a swift upward move towards 297-300 Supply Zone.
There is strong support at 245.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
petronetprz1 = 267.7
prz2 = 272
sl = 280.2
t = 257,238,225
ABCD also forming at 279.1
resistance around 276
Highest OI 270 CE followed by 260 CE
Patience is the secret-"Patience Pays"if positive sentiments
target1 267
(breakout)
target2 277
tip: Be patience
PETRONET LNG - NR7 PATTERNPETRONET LNG
The stock has formed an NR7 pattern.
RSI is in strong uptrend zone.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
Once the price breaks the high (263.9) of today's candle, we might see 270 & 275 price points.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
PETRONET - 260 (Daily Chart)Making HH and HL on chart.
Vol. is good and high.
RSI 65.
Above 200 and 50 EMA.
Targets on chart for short to medium term.
GO LONG WITH SL AROUND 260
Petronet LNG - Harmonic Bearish ABCD Pattern - ShortPetronet LPG Pattern evidence Harmonic Bearish AB=CD Pattern.
Go for Short @ 260.10
Target 1- 244
Target 2 - 219
SL - 270
Disclaimer: Kindly do your own analysis before executing the trade
Petronet stockIn my opinion , you may soon see a corrective wave in this stock.... Bearish trenf for short time
PETRONET Bearish Harami Sustained above 237 will lead the price to reach the target of 241/245/249/ trail sl sl 229.3
Sell below 219 if sustained then 214/212/206 is the target with trail sl of 229.3
**Educational purpose only
Petronet Risk Trade Setup with small Stop Loss !! TREND ANALYSIS & TRADE SETUP
Wave Analysis & 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
Education PurposeThis is a purely educational post.
Petronet is at a support level of 224/225. If it breaks it can test the next support line at 204/205 level.
Petronet LONGTriangle breakout along with Fib 38.2 Retracement - Buy above 245-249. Welcome suggestion :)
[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 - INSIDE BAR1. BUY ABOVE - 225.5 WITH SL OF 15 MIN WAVE LOW
OR
SELL BELOW 210 WITH SL 217
TARGET OPEN
