PETRONET LNGIT BECAME BULLISH IN THE DAY CHART.
DRAGON FLY SORT OF DOJI IS FORMED.
PRICE IS EXPECTED TO MOVE TO 250+ LEVELS IN THE COMING DAYS.
PETRONET trade ideas
Petronet Daily analysis CMP 236.65 BUy above 238 Targets 243Petronet Daily analysis
CMP 236.65 BUy above 238
Targets 243 - 249- 255- 260- 265-271+
PETRONET Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
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 - WHAT IS HAPPENING?PETRONET HAS TARGETS OF 257, 262 AND BEYOND ONCE IT CROSSES THE RESISTANCE AT 250.
HIGH DELIVERY PERCENTAGES OF 63%.
PLACE STOP LOSS LEVEL AT 234.
WHAT COULD BE THE REASON??
Petronet BreakoutPetronet LNG broke out above 250 on 29th March. Good momentum is evident from the fact that ADX is above 29. One can buy at current levels with a stop loss at Rs.233 or one can wait until it crosses 255 after taking support at previous resistance. Trade cautiously as Nifty is near it's old high.
petronet- horizontal band breakout+ weekly trendlinebreaking major resistance - one can go long or accumulate
[Intraday] PETRONET Weekend lvl 10 + Pin Bar Short TradeWeekend lvl 10 + Pin Bar
Short below 227.55, SL PDH
PDH = 233
If gap up or down, follow 5m ORB.
