PETRONET trade ideas
Petronet LongPetronet Trying for a breakout on Weekly Timeframe, one can buy above 220-221 for swing trade. I'm not a sebi registered analyst, this is just for knowledge, do investment on your own risk
PETRONET - Ichimoku Bullish Breakout Stock Name - Petronet Lng Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 222
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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PETRONET INVERTED H&SPetronet making inverted head & shoulder pattern on daily time frame and have more than 75% delivery on last trading session that is 2 dec.
Do not enter before 215 level
follow risk management and price action, trade as per your setup.
risk reward favourable Major demand zone stop loss 198 1st target 220 and next target range breakout This is monthly consolidation
PETRONET IS NEAR BREAKOUT THE STOCK IS NEAR SUPPORT ZONE IS 200
SUPPLY ZONE IS STRONG
Disclaimer : All the IDEA made on this channel are for educational purpose. Investing and trading in stock markets is a risky business,hence please do your own research or consult your financial advisor before investing .Chirag,popat123 doesnt give any tips or calls,simply expresses views for educational purpose.
PETRONET - Harmonics Patternlong @ 195.85 - 199.35
Target @ 205.10
Stoploss @ 195 (on closing basis)
This is for education purpose only.
Petronet Tringle Breakout This stock given hourly tringle pattern breakout and looks good for long entry so one can buy at cmp 219 with sl below 214 hourly closing basis and looks for target 229/230 in coming days. Good Luck
Petronet "Ascending Triangle" BO ✅Petronet "Ascending Triangle" Breakout
The above chart of Petronet laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Petronet is in the range of Rs 219.95. If the pattern continues, the price of Petronet might reach the resistance levels of Rs 256. If the trend reverses, then the price of Petronet may fall to Rs 210
Trading Level ✅
Entry Point - 230 ( Breakout region)
Stop Loss - 210 (Previous Swing Low)
Target - 256 (Derived from pattern range)
Happy Trading
PETRONET - Volumes assisted Consolidation breakoutNSE: PETRONET is looking to breakout out from the consolidation range.
Today's volumes indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
PETRONET LNG. A STORT TERM TRADING PICK.This can be a good stock for swing trading.
BUT, The confirmation is needed. The stock as shown a good upward movement which was then followed by the PROFIT BOOKING.
REST IS WELL EXPLAINED IN CHARTS.
DISCLAMER: THIS VIEW IS FOR EDUCIATIONAL PURPOSE. Kindly follow proper risk management and concern it from your financial advisor.
THANK YOU FOLLOW FOR MORE.......
PETRONET - LONG !
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose NSE:PETRONET
PETRONET LNG Inverted Head and shoulder pattern on daily chartsPETRONET is ready for major breakout , forming inverted head and shoulder pattern on daily timeframe , target of 262
Note: This is only for educational purpose
Petronet - Bearish - next Support AnalysisPetronet - Bearish - next Support Analysis
1. Breaks the primary trend, tried a lot of attempts to break the trend upwards... but due to negative trend, it came down.
2. next support at 190 and another at 180.
3. Strong down candle was created last week, due to this mostly next also will be negative for this stock.
3. I hope it won't break the 2020 crash low.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
symmetrical triangle /support buypetronet :
cmp 203.80
trade setup
1.buy up to 201
2.keeping 187 as stop loss on closing basis
3. for targets 216/ 231/ 246/ 259 / 276 / 288 / 300+
technical buy based on :
1. trend line support
2. double bottom
3. symmetrical triangle pattern
4. stochastic RSI bullish divergence at 0 which is highly oversold indicator zone
5. attractive value in the sector
6. volume spike in monthly charts
note : rest of the details shared in chart for the technical buy.
#PETRONET - HARMONICS PATTERN#PETRONET - BEARISH REVERSAL HARMONICS PATTERN
CMP : 227.95
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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Petronet - BreakoutPetronet - decisively broken the down pattern - likely move to 240 upwards
Educational purpose...
