Petronet chart analysis1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
PETRONET trade ideas
Long in Petronet LNGThe structure in Pretonet LNG is a superb one and looks very promising from every angle.
The Demand zone (marked in Green) is a very very fine zone and one can look for Entry at 290.3 levels with Stop Loss @ 287 (closing basis) and Target (as per current chart) of 308 which can be trailed further as per your satisfaction.
📈 Petronet LNG - Multi-Year Breakout Alert! 🚀🔍 Setup : Multi-year breakout setup
📊 Analysis: Bullish trade! 🐃 Significant volumes detected, with a supportive sector. Key levels from October 2017 and September 2019 have been breached, and the price is sustaining well above them. 📈
Share your thoughts! Like and comment below! 💬 Let's capitalize on this breakout opportunity together! 🌟
#PETRONET #BullishTrade #MultiYearBreakoutSetup
PETRONET
The stock has been in a consolidation phase since year 2018.
Currently, price has cleared its previous all time high of 299, suggesting resumption of the long term up-move.
Price could initially be expected to test 375 (161.8% FR level), and optimistically the long term up-move could see 710.
Bullish outlook remains intact as long as price is above 260.
petronetstock : petronet
trade : long (cash segment)
buy @ 295 above
sl @ 281
target @ 325
note :
this information is for education only
#PETRONET Support & Resistance / 29 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
Stock Ready for rocketPetronet LNG ready to touch the ATH. This stock is one of the most underrated stock in PSU sector. In the upcoming month we can see a huge jump
Petronet LNG Cmp 270 Three Black CrowsPetronet LNG Cmp 270 dated 9-2-2024
1. Three Black crows @ top of the chart.
Sell Below 264 target 262-258-254-250-246-241 SL 280
It is just a view, please trade at your own risk.
PETRONET LNG (Monthly breakout)PETRONET LNG looks promising as it near it's multi-year breakout. Closing above 240 can fire
NOTE: I'm not a SEBI REG. Study before investing.
Petronet LNG - 6 years of range breakoutAfter the bull run, stock retrenched to 61.80% fib level and consolidated for 6 years.
The range breakout visible in chart, aptly supported by volume and technical indicator.
Stop Loss below 20EMA; Target 1 Rs 415
Weekly Chart
After four year of consolidation, the stock given a descending triangle breakout with breakaway gap.
Technical Chart
Golden crossover of ema 50 & 200 with breakout volume, certainly confirm the bullish strength in stock.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
petronet -long for 20 % upmovedecent valuation
bullish engulfing bar bouncing from 18 day EMA
stop loss and target marked
6.5-year consolidation period breakout with high volumeFundamental Highlights:
Market Capitalization: ₹37,020 crore
Price-to-Earnings Ratio (P/E): 10.9
Return on Capital Employed (ROCE): 26.6%
Return on Equity (ROE): 22.8%
3-year Sales/PAT Compound Annual Growth Rate (CAGR): 19%, 6%
Technical Analysis:
Since October '17, the price has exhibited sideways movement.
A breakout has occurred this week, surpassing both trendline and horizontal resistance levels, accompanied by a notable increase in volumes.
The Commodity Channel Index (CCI) is displaying a bullish trend on the weekly chart.
Relative Strength (RS) is on the rise and is poised to turn bullish on the weekly timeframe soon.
Petronet LNG: Bullish Pattern formationNSE:PETRONET is showing an interesting breakout pattern.
It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume.
Structure wise it is also creating an higher high patten.
Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.
Petronet looks good at the bottomPetronet looks good at the bottom. Targeting 30% from here. Positional call.
🚨DYOR
🚨SL must, it depend's on your risk appetite
Petronet LNG: potential upmove of 64%➡️sector with massive potential
➡️EPS has doubled since 2017
➡️low P/E
➡️public holding <10%
Safe traders to enter on ATH & 7 year box #breakout
Disc: already invested
petronet lngbased on chart its showing good sign . good for option trading of next month anyone can look for call option of 230 of January expiry which is around 6 rupee . keeping stop loss of one rupee can hope price of 10 to 12 in next two weeks
PETRONETPetronet lng moving upside. 219 level is a Good support. Confirm this level with bullish sentiment Target is 234.
This is the classic example of Smart Money TradingLiquidity being created Both side of the Market, but eventually market moves in the direction of order flow. Which is upside....from the mentioned Demand Zone.From here I anticipate if the price goes down to the Demand Zone mentioned..Spike Might be noticed.
