Yes , but it is a quite hard task for petronetlng to reach such target because it is a slow mover stock but once it goes in pace it will cross 236 range and bounce back to 257..
Petronet taking support of 227 and forming bullish engulfing candle again as it formed on previous two occasion in August and September. Targets and Stop loss mentioned on charts.
Perhaps 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
Big 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
NSE: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. ...
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...
Petronet LNG Ltd. engages in the import and re-gasification of liquefied natural gas. It owns and operates liquefied natural gas regasification terminal at Dahej and also setting up another greenfield liquefied natural gas regasification terminal at Kochi. The company was founded by Suresh Chand Mathur on April 2, 1998 and is headquartered in New Delhi, India.
NSE
![PETRONET: Simple Trade Setup | PETRONET | 24-09-2021 [INTRADAY]](https://s3.tradingview.com/2/2KdaNjmz_mid.png "Simple Trade Setup | PETRONET | 24-09-2021 [INTRADAY]")
