Bullish Pin Bar of Petronet make it 242Bullish Pin Bar of Petronet make it 242Longby siddmuk2005Updated 115
Petronet - Bearish harmonic setupNSE:PETRONET has formed bearish harmonic pattern. Short it below 227.90 T1 - 219.55 T2 - 210.25 SL - 236.50Longby Trading-wiseUpdated 10
PwtronetPetronet has been in corrective phase for last 9 months. After posting an all time high of 275 in Nov' 17, the stock has corrected almost 25% in last 9 months. Last month the stock formed a perfect Doji Star on monthly chart. This month it is likely to close above last month close which will result in Bullish Engulfing candlestick pattern. Also the stock is consistently taking support around 21 months moving average. All these technical observations indicate that the stock is likely to resume its uptrend & can move towards 300 in coming 2-3 months. So the stock can be bought in the range of 225-235 for target of 300. However if the stock closes below 219 this month, Bullish Engulfing candle will not form & candlestick analysis will get negated. Longby prajfinancials0
PETRONET Weekly - Convincing breakout?PETRONET Weekly - Convincing breakout? Last week was a huge bullish candle. Find levels on chartEducationby VishnuTalanki4
Head And Shoulders / Triple Bottom Pattern BreakoutNeckline broken on good volume today. RSI showing divergence. Good long opportunity. Longby piyushrawtani1
SHORT SWING TRADE IN PETRONETSHORT SWING TRADE IN PETRONET AUGUST FUTURES SHORT@230 STOP@233 TARGET@223.5 LOT:3000 QTY:!Shortby manavtechresearch2
Break of 202 looks like it will go to 190Break of 202 looks like it will go to 190Shortby jackson_philips2
Long There is Good Chance it might go one more move up , Look for Bullish brake out on 1 Hour candle , Look for entering on Brake of last 1 Hour candle high , this might go in single day , and might surprise Look for brake out today Longby I-Fund-TraderUpdated 8
Last Move some scrip are really a big shit , i dont like this scrip much , but its moving for last ride before entering in Correction , Look on brake of today high and Go long with your own risk to reward calculations , and it will high likely challenge 228+ and then turn or halt the move , but dont try to sell it in Futures we still dont know weather it will brake strong or weak , but this small trade is possible Longby I-Fund-Trader4
Head and shoulders in formationIts forming a hns sort of pattern. Its forming the right shoulder. We can go short if it forms and breaks the neckline.by AdityaSubramanyam0
PETRONET look very good to buyWe have Seen very good LL LH formation from last few days, we have got first HH today with very good momentum, So we can look for buy. This is pure price action technical analysis and I do not recommend to anyone for buy or sell,this is for education purpose only, do your own research before taking trades.Longby MarketNeeti222
Petronet About To Bounce BackTargets : 220-225 Buy range : 200-205 Stoploss : 187 Duration : 4-5 weeks The share price of Petronet LNG is currently placed at a major value area around 203-205 levels. The corrective decline of the last two months has the underpinning characteristics of a secondary correction within the larger uptrend. We believe the stock is likely to form a base around the major support area of 200-203 and resume its uptrend, thus providing a good entry opportunity for short to medium term with a favourable risk reward set-up. The corrective decline from the 52 weeks high of 229.50 in the last two-three months has helped the stock price to work out of overbought conditions and discover a value area around 200-205 being the confluence of the 50% retracement of the previous major rally from 171 (December 2016) to 229.50 (May 2017) and upward sloping lower channel band joining from 171.32 to 175.80 containing entire seven-eight months up move. Moreover, stock witnessed sharp surge in volumes near important support zone forming a “Bullish Piercing Line” chart pattern, which is said to be bullish reversal pattern, usually formed near supports (shown in blue circular object). Also it has been observed that the stock respecting its longer term 200-EMA line placed at 197 levels, thus providing an important support for the stock going forward. 14-period daily RSI has crossed above 30 levels and heading higher, slow stochastic has given a buy signal. We expect the stock to resume its uptrend after base formation around the above mentioned support area and head towards Rs 225 in the coming weeks, Hence suggest a Buy as per levels mentioned above. Longby BHUMIT-ARQUpdated 6
Petro LongIts above 38% of Fibo, targeting to 50% as first level and 61% as 2nd levelLongby parameswaran85Updated 2
Just bounceback - Range bound movementToday petronet lng gave just baounce back. its move within the range.by hardikshah212860
Petronet - Symmetric triangle break downNSE:PETRONET has broken below symmetric triangle Short it below 227.20 T1 - 220.45 T2 - 214.50 SL - 238.40Shortby Trading-wiseUpdated 3