The chart is showing frequency at the down sloping PF. The prices broke the UML and came back again start trading below it. It may have shaken the weak traders today and may fall till ML. It offers a good opportunity to trade it with small SL with risk and reward ratio of above 4.
Entry current Price 250
SL 254 closing
Target 232
Risk/Reward Ratio 4.3
Disclaimer...
Has been on a uptrend after taking supp at its 200 DMA at 230 earlier this month
Overall the stock has been consolidating in the range of 230 to 255 in the last 6 months
Positional traders can wait for pullbacks to 200 DMA near 230 to buy.
short term traders can buy here for tgts of 255 and stops at 237.
Stock is trading, very range bound and almost flat
Nifty up or down but this stock is flat
So hoping volatility in 2mins chart
I will trade n ride on volatility on my afl
SEE THE DAY CHART OF PETRONET LNG. TRYING AGAIN TO CLOSE ABOVE THE RESISTANCE.
ONCE, IT STARTS TRADING ABOVE 252.7 TARGET OF 262 IS IMMINENT.
ALL THE INDICATORS ARE POSITIVE WITH NO RESISTANCES NEARBY AFTER 253.
WAIT AND ENTER THE TRADE.
TRADED VOLUME : 63 LAKHS AND DELIVERY TAKEN : 59%.
PETRONET SHOULD START CROSSING 250 AND THEN REACH 265.
TRADED SHARES ARE 50L WITH DELIVERY OF 81%.
AGAIN IT IS PROVIDING ONE MORE CHANCE TO THE INVESTORS.
PETRONET (Petronet LNG Ltd) BUY ABOVE 251
Stock gain momentum today, and if it crosses it's previous resistance of 251, then stock may see targets of 255 and 260.
PETRONET LNG HAS CUP & HANDLE FORMATION IN DAY CHART.
TRADING ABOVE 250 WILL KEEP THE TARGET AS 262.
TRADED SHARES - 58.63 L & DELIVERY % - 88.
REASON IS SUFFICIENT TO ENTER LONG.
Petronet LNG Limited (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The Company is engaged in the import and re-gasification of liquefied natural gas (LNG). The Company operates through the segment of natural gas business. The Company's terminals include Dahej LNG terminal, Kochi LNG terminal, Gangavaram LNG terminal and Solid cargo port. The Company's Dahej LNG terminal is LNG receiving and regasification terminal with an original nameplate capacity of approximately five million metric tons per annum, located at Dahej, Gujarat. The Kochi LNG terminal is LNG receiving, regasification and re loading terminal with nameplate capacity of approximately five million metric tons per annum, located at Kochi, Kerala. . The Company is building a third terminal at Gangavaram, Andhra Pradesh. Solid Cargo Port Terminal has facilities to import/export bulk products, such as coal, steel and fertilizer.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
PETRONET
