PETRONET trade ideas
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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Simple Trade Setup | PETRONET LNG | 07-09-2021NSE:PETRONET
I am selecting PETRONET again for 07-09-2021.
Observations:
1)On 15min Time frame today we can see that it has broken out from the parallel channel and also closed above 230 level.
Tomorrow if it sustain above 230 level then we can see a good upmove.
Please refer below chart : 15min time frame.
2)On Daily Time frame we can see that after making rounding bottom pattern, today it opend gap up above 230 level and closed above 230 level. If tomorrow it gets support from 230 level then we can see a good up move.
Only drawback for today is that it has made bearish candle on daily time frame.
Please refer below chart : Daily time frame.
3) Also on 15min time frame it has made rounding bottom pattern today. With neckline level at 231 level. For intraday trade 231 level breakout will give good intraday up move.
Please refer below chart : 15min time frame.
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For POSITIONAL long trade , one can take long position for short term from CMP as far as it is trading above 230 level. SL will be 225 and target will be 240/245.
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Trade Setup for Date 07-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Petronet LNGPetronet has been facing resistance around 230 levels from last many days.
Now it is looking ready for Breakout. RSI is also hovering above 60 levels.
SL - 220
Target - 247
PETRONETTrend reversal signs
broken channel
Volume is more than Avg volume
Bolinger band upper band touched
if price closes above 20 EMA with a strong note we can see some rally
MACD Buy signal
RSI > 58 if > 60 that will added advantage to see mometum
Simple Trade Setup | PETRONET LNG | 06-09-2021NSE:PETRONET
Observations:
1) On Daily Time frame, if you can see that level 230 is working as critical level since long time. It was working as both support and resistance since long long time.
Please refer below chart : Daily time frame.
2)Also, on Daily Time frame you can see that it has closed above 100DMA but still below 200DMA. One good thing is that it has broken and taken good support from 21DMA.
Please refer below chart : Daily time frame.
3) Further on Daily time frame it is forming rounding bottom pattern. And neckline/breakout level for the same is 230 level.
Please refer below chart : Daily time frame.
4) On 15min Time frame we can see that since 17 Aug it is getting good support from the accending parallel channel.
Please refer below chart : 15 min time frame.
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For POSITIONAL trade one can take safe long position only on sustainable breakout of 230 level. SL will be 218 and Target will be 250/260/270 in short/mid term.
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Trade Setup for Date 06-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Ascending Triangle in Petronet LNG Hello traders ,
If you guys go through the “petronet’s lng “ chart , 30 min time frame … you will recognise a triangle or we should call it a “opportunity” to buy or trade in it .
But as of now and also as a safe trader, i would patiently wait for it to come above 232 level and then i will leap on it
Petronet looking ripe for reversal .. Bullish SharkPetronet completed Bullish Shark Pattern on Daily time frame with the MFI also giving a trendline breakout. Just a matter of time when it starts its upward journey with 1st Target of around 234 and the 2nd Target of around 252 with the Stoploss being around 202 in Medium Time Frame
Petronet Buy @227.60, Tgt 270, sl 211The stock has touch 211 three times and now it's more likely to go up around 270, if the stock breaks the 270 resistance level then the stock might go up further and if its goes down and breaks the 211 support level then the stock might go down.
This analysis is for educational purposes
I hope it helps people to gain profit in this stock for the short term
PETRONET Swing Trade Idea#PETRONET - Swing trade is visible in this stock as strong candle formation has been observed in the previous trading session. Buy in the range of 230-231 with SL below 226 for targets of 243, 247. If volumes exist around 247 level, then trail for 253. 236 can act as intraday resistance. #swing #positional
Petronet LNG Limited - Are bulls in ?NSE:PETRONET has been trading in the range of 210-280 for about 1 year. At the current moment, it looks like NSE:PETRONET has taken its support over T2 while crafting a falling wedge pattern ( T1 & T2 ). It has broken another trendline T3 with a good volume that increases the confidence of the bulls.
One may initiate a long position with a stop loss below 211 while focusing on the other energy stocks and Nifty Energy.
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PETRONET levels ...23/08/2021 (D candle)PETRONET complete the pattern and breakout the previous resistance...so its more possible to reach the targets as given in chart at short term
Petronet moving up from support Petronet moving up from support line. Lets see whether it can break the upper resistance this time. Has some positive news.
The Inside candle formed on the daily chart The inside candle formed on the daily chart 5% upside is possible
