PETRONET trade ideas
Petronet LNGFundamentals-
1)A very attractive company in the space of Oil and Gas.
2)Company is beating the sectoral growth rate, operating profit, sales etc YoY and is growing the numbers by >20%.
3)numbers like Operating profit, net sales are doubling YoY @>20%
4)Company is cleaning its debt on YOY basis.
5)One of the leading players in the sector and is second to major players like ONGC and GAIL.
Technicals-
1)Stock announced a split 2 days back and hence corrected by almost 50%.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Huge Mutual fund holding.
CMP-214(7'Th July'2017)
1st target-300(8-10 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
Wave Analysis ProjectectionsWe are in 3rd Impulsive wave on Monthly chart and we will likely to see the end of 3 rd wave near 343 Zone , after that we may enter a Correction which may correct till 295 and last impulsive wave 5 will lead us to 413
so lets see how it unfolds in coming days
Regards
Any Drop is long or add on Pull back I am looking this stock has Good potential to move further ahead by 3 to 5 % , which is my conservative short term view
I am already in trade and looking to add more on drop for Target of 255
Regards
Petronet - Imperfect Bearish BatOne can short PETRONET below 231
T1 - 227
T2 - 224
SL - 235
This is a Intra day setup
Note - Not a perfect bat pattern as XB and BD ratio is not perfect.
Petronet to test 245-250 soonPETRONET to test 245-250 , brokeout the range yesterday with spike in volumes.
Petronet #FlatBreakoutPetronet : Buy @ 236(50%) & 230(50%) stop 220 Target 258
Flag Breakout with rise in volume
Formation of Flag pattern in Petronet LNGFormation of Flag pattern Long @ 225 with SL below 220 Trgt 240 in Short term
Petronet: Flag BreakoutPetronet has witnessed a breakout from a Flag pattern on daily chart. The target according to this pattern is Rs 285 and stop loss @ Rs 206 on a closing basis.
Petronet is on verge of falling channel break out . Petronet is on verge of falling channel break out .
Channel length 21 rs .
Long Trend line on Petronet LNG - Make or Break ? Long Trend line on Petronet LNG and whether it will Make or Break ?
Trade Levels are mentioned on Chart.
buying opportunity in PETRONETpetronet looking good for buy here for 1to 3day,RSI positive divergence
buy at 208/209,sl~206 for tgt~215/219
Positive RSI Divergance... { Bullish }Everything mentioned on chart...
Note: Do your own study before making any position...
Fake BreakdownChart explain everything
Range broke down with low volume, RSI touches lowest trendline, Reversal candlestick at support level.
hence trend will reverse from here & will break above resistance zone which is 225-230.
Target is 240,
Position activate above 212.
Down in 15 min but bullish in long termPetronet looks to be taking support on daily trend line around 215 levels... expect the slow down trend to reverse soon
Petronet trading ideaIt appears like petronet is going through complex corrective
pattern. if true, then next move should be up, target 225.
PETRONEL: BULLS WATCH Series #1PETRONEL: LTP @ 217.50 (Cash), @ 218.50
Why BULLS Prefer this Stock as SWING / Positional / Intrraday Trade?
#1. In ICHIMOKU Cloud, Tenkan-Sen (@ 215.81) Turn from DN to Flat.
#2. 20SMA (@ 216.63) < CLOSE (@ 217.50) < 50SMA (@ 217.67)
#3. Last Trading Day Crossed BASE Line from BELOW.
Other Technical Indicators Showing Strength.
Go LONG: Aggressive not Above +0.50%
Best BUY: @ 215.20 to @ 216.35
Strong above @ 219.25 .
TGT: @ 220.15, @ @ 222.35, @ 225.50 - @ 227.25 (HZ), @ 229.50
More on Chart.
SL: 211- (by Closing)
For FnO Traders :
GO LONG with Hedge with nearer PUT Option.
As premium is 1.00 Point,
TGT: Add 0.70 to 1.20 Point to Cash Price TGTs.
Query accepted for more FnO Strategy.
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Descending Triangle on PetronetLNGDescending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break.
Trade:
Short below - 423.75
Target 1 - 414.75
Target 2 - 406.50
Stop Loss - 430.75
Note : Don't trade until the price to break the triangle.
PETRONETstock was in up trend
went into a trading range
now in verge of breaking down from that range
on can look into this stock below today"s low
for a target towards 420/415
with sl placed around 430/431
PetroNet : Fueling it Up...Let's fill in our tanks and make ourselves ready for upside Breakout in Petronet. Actually I'm not interested in the downside Breakout, if you zoomout n see there can be shark pattern formation, haven't checked it though by drawing just saying by the perception I get from Petronet. You can try for that shark also if interested but simple channel upside break can be good n better :)
Petronet LNGA clear Bullish Engulfing candle with good volumes, can perform really well going forward keeping a SL of 430.5 on closing basis!
