Petronet - Can we see the underdog catch firePerhaps the only PSU which hasnt shown much action. Post powergrid waking up, expect this to go up as well. need patience and hoping there is no correction. NSE:PETRONET
PETRONET trade ideas
#Petronet cash : Looks good above 232.50#Petronet cash -Positional call
17.08.2021
Looks good above 232.50
stoploss 223
Target 248-252/268
cmp 230.35
Petronet LongWeekly breakout..
Buy at cmp for tgts 236.9-25125-274.10++
SL 213.4 weekly candle closing basis
PETRONET TURNBig opportunity in script as per chart, Triangle breakout about to happen along with RSI TRAINGLE Breakout as well. Wait for closing on Day basis above 239 for confirmation
Level T1 275, T2 285 T3 290
Simple Trade Setup | PETRONET | 28-09-2021NSE:PETRONET
Observations:
1) On Daily Time frame, Finally it has broken and closed above 200 DMA. 200DMA is placed at 236.74 level.
Only negative thing is that volume of today was less than yesterday as well as just below averange of 21 days.
Please refer below chart : Daily time frame.
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Trade Setup for Date 28-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
PETRONET 1D TFBroke the trenldine and it is ready to go for 270 levels. This level can reach in withinn 2 months.
CMP :- 235
SL :- 225
Target :-; 272+
R:R :- 1:3.54
BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
Petronet High probability BreakoutAscending+Descending Triangle Breakout
200 EMA High / Low breakout
Min. Possible Target - 254
Disclaimer : For Educational Purpose Only
BUY BUY BUY@Thakurji46 From Trader for Trader💸
Buying the Dips and Selling the Rips
#TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
Simple Trade Setup | PETRONET | 24-09-2021 [INTRADAY]NSE:PETRONET
I am posting this on request from one of the follower.
Observations:
1) On Daily time frame, we can see that 21DMA has made crossover of 100DMA.
As per theory when the small moving average crosses above big moving averange then it will be a sign that a bullish move is going to come.
But this doesn't work all the time. This is just a sign. But for the trader it is always to keep such sign in mind but follow levels to trade.
234 is immediate critical resistance.
Please refer below chart : Daily time frame.
2) One 1 hr time frame we can see that it has been trading in parallel channel pattern.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 24-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Petronet LNG: LongGo long for 232, 252 with SL at 210. Trend break out with good volumes are key factors
Petronet - Long trade ideaBullish - Buying on support - I am long. Trend following pattern. Moving average breakout
Long opportunity in PetronetWe can go long after breakout 236+. Descending triangle chart pattern is formed in Petronet.
PETRONET - Price and Trend SetupPrice is showing bullish reversal with support of volume and big bullish candles. As stock was in downtrend therefore it could be a temporary spike created to enter and exit with short - term profits. Entry can be made if price test recently created support levels.
Petronet-Short term bullishPls refer chart.. Indicators looks like to turns from bearish. So expect short term bullish mode.
Petronet in Long positions after breakoutPetronet in Long positions after breakout. Buy for 5% in 3-4 days
PETRONET LNG short term levelsNSE:PETRONET
PETRONET LNG now at the resistance level 230-231. can be see good move if it sustain above these levels.
SL 226
Petronet LNG Bullish crossover expecting petronet lng is trading at bottom and possibility - 20/50 EMA cross 200 EMA --> Golden crossover expected
PetroNet - LongPetroNet Analysis, Find all levels on Chart
Disclaimer - Only for Educational purpose,
Petronet long : Positional tradePetronet is a fundamentally good company, but just like ITC it is a laggard imo. The thing with companies like these is risk-reward ratio and also dividend yield. Need a lot of patience for this one. So I will keep this for at least 1 year.
Also, Petronet to make foray into petchem business. So let's see
Ascending Triangle Pattern Breakout in PETRONETIn opening session PETRONET gives breakout of Ascending triangle pattern. After this breakout it retraced to breakout level. Now expected it will continue bullish rally towards the mentioned target.
PETRONET - Falling Wedge BreakoutThe stock was in a downtrend with contraction between the upper and bottom resistance lines, forming a wedge pattern.
It has broken out of the pattern with substantial volumes.
Position can be taken near current price, keeping the stop loss near 216 levels, for a short term target of 232.5.
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