Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:PETRONET with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:PETRONET
Holding Time Frame: 90 Days
Entry Point: 193-195
Stop Loss Point : 180
Target Point:...
After big fall, Petronet has trading in support zone. Given triangle breakout and back to back day volume, awaiting for breakout.
After cross 204 -205 Resistance zone, we can expect sharp move towards 240 levels.
Stop loss should be below support zone 192 levels.
We can expect 1:2 RR ratio.
* Near 52 week low
* 2nd Largest company in Industrial Gases & Fuels Sector
* Although quarterly sales has fallen by 12%
* fundamentals are decent not so bad
* accumulation range is (180-200)
* might take 2-3 months to consolidate in this range and then recover.
* pure technical entry at this range
Reason for long
a) Mr.14 set up
b) Super trend and super vwap support
c) QQE long above the zero value after several months of consolidation
d) consolidation breakout and pull back set up
e) SL compulsory
PETRONET LNG looking after close above or bellow weekly support and resistance.
buy or sell after weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
PETRONET
flag formation in progress on long term chart. wait for clear monthly closing above 250-270
rounding bottom formation in progress in recent chart
PETRONET :- Stock is doing consolidation at same place from last few months, if there is breakout then we can see good movement of upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and...
Buy PETRONET BETWEEN 240-255
STOP LOSS 214
TARGET 1 : 273
TARGET 2 : 300
Symetrical trangle breakout
Breakout with volume
Oil and gas sector seems bullish on chart to make higher high
Petronet LNG has to sustain above Yellow zone in TF-W to make it a buliish trade. All the levels marked can be taken has important levels as targets and SL
