PETRONET#PETRONET Has taken the 21MA support and closed strongly this week with a good volume. If the stock manages to close strong in the coming week, we can expect the stock to make new highs.
PETRONET trade ideas
petronet bullish petronet bullish after very good pullback
after rejectng 61 level
it got support of 50 level of fibnocci and got a good boost
i m sure it will reach it targets
assurity % - 82%
PETRONET - Breakout in Falling WedgeEntry Zone- 342-332 (Trend line break of wedge)
Exit Zone - Based on Trader mindset. Exit 1 - 365
Exit 2- 385
Stoploss : Close below 326
Timeframe: Daily
Notes: Price consolidates since July 2024 and forming wedge pattern. Price breakout the wedge with good green candle on 11 December.
12th december intra cum swing petronetpetronet again is looking good on charts , cmp 341.6 for intra buy in zone 340-341.5 with sl 336 for tgt 350-355 above 355 it will become a super rocket till 370 . for swing sl wil be at 328 and use all the dips duration 7 to 8 days alternately try 350 ce as wil with sl
Petronet Date : 04.12.2024
Petronet
Timeframe : day chart
Remarks : At strong resistance of descending triangle along with 23.6% of fibonacci, if breakout comes then 5%-10% up move possible
Regards,
Ankur
[Positional] Petronet Price Action Analysis We are recommending a buy based on the following technical analysis:
Analysis:
Trendline Breakout Potential:
The chart shows a well-defined downward sloping trendline that has acted as a resistance since mid-August 2024.
The price is currently approaching this trendline, suggesting a possible breakout. A confirmed breakout above this trendline could signal a reversal of the existing downtrend.
Higher Lows Formation:
Recent price action indicates the formation of higher lows, a bullish sign that suggests increasing buying pressure and potential momentum to break the trendline.
Price Action Support:
The current candle shows bullish momentum, closing higher at ₹337.30 (+1.26%). This reinforces the possibility of further upward movement.
Volume Not Considered Here:
While this analysis doesn't include volume data, a breakout accompanied by strong volume would further validate the bullish setup.
Key Technical Levels:
Resistance: ₹344-₹350 (near the trendline). A breakout above this level is crucial for sustained upside.
Support: ₹320-₹325 (recent higher low zone), acting as a strong base.
Recommendation:
Entry Point: Consider entering above ₹344 to confirm the breakout.
Target Levels: ₹360 (short-term), ₹375 (medium-term).
Stop Loss: Place a stop loss below ₹325 to manage risk effectively.
Caution: Always combine technical analysis with fundamental insights and market conditions. Ensure the breakout sustains before committing to a position. Consider consulting additional sources for a holistic view.
2nd december intraday buypetronet is buy for intraday with sl of 326 for tgt 343 347 354++ . the stock has recently got an upgrade and oil and gas has already undergone a substantial correction....we have already bought it for swing trading ....
petronet-technically looking goodpetronet has shown a considerable amount of correction from top, today it closed above key 200 ema. As of now, for swing it looks good . target and sl mentioned in chart. Oil and gas sector has witnessed good correction., some value buying can come now..
PETRONET LNG#petronet
- "w" Chart Pattern
- Dividend Coming Soon
Target:- 381.50
Stoploss: Your
Entry:- Your
Buy PetronetBulish Gartley pattern on daily chart
Probable 344-360 level possible if not close below 325
Turning Bullish: Petronet LNGIntro:
Petronet LNG Ltd. designs, constructs, and operates Liquefied Natural Gas (LNG) Import and regasification terminals in India. It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum and ONGC holding 12.5% each.LNG Petronet accounts for 33% of gas supplies in the country and handles around 75% of LNG imports in India.
Stock Fundamentals:
Stock P/E: 13.5 (Ind. P/E:21); Book Value: ₹ 113; Dividend Yield: 2.90 %; ROCE: 26.4 %;
ROE: 22.2 %; OPM (Quarterly) %: 12% (Jun 2024) marginally higher than Mar 2024 (8%).
OPM (yearly): 10%
Stock Technicals:
LNG Petronet Turned bullish recently.
It bounced sharply from 325 levels with good volume.
20EMA just crossed above 50 EMA.
Support levels: 340, 319, 299
Resistance levels: 364, 371, 385
Petronet LNG - Bullish The stock is moving in a bullish parallel and has taken support on the lower boundary and rebounded back indicating clear recognition of the channel. It has handled the on going correction very well. 50 DMA > 200 DMA. Daily Vol in same range as average Vol. Applying fibonacci the price has already crossed 38.2 % stage. This stock is likely to rise and attain following targets.
1) Trgt # 1 - 402
2) Trgt # 2 - 425
3) Trgt # 3 - 449
This write up is for academic purpose only.
Petronet LNG Ltd Level 1hPetronet LNG Ltd. (PETRONET) on a 1-hour timeframe, here are the key support and resistance levels:
Support Levels: ₹329.20, ₹321.28, ₹316.57
Resistance Levels: ₹331.13, ₹336.27, ₹340.98
Bullish on petronet with upside of 15% in shorterm
On weekly chart, stock has bounced back from 50 rsi support
Stock taking support at crucial moving averages
Stock uptrend is intact with good trading volumes
PETRONET | Trading at demand zone ⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
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PETRONET TRIANGLE BREAKOUTJust broke the triangle pattern and also Higher High formed in weekly chart,so look for buy
Petronet exited channel. Pullback at 23.6% or 38.2% fib level.The Indian Oil Ministry plans to promote the conversion of one-third of existing long-haul trucks to LNG from diesel, as per a draft policy. Additionally, it aims to mandate that a third of new trucks operate on super-chilled gas
This initiative may boost the LNG sector and promote a cleaner energy transition in transportation, potentially enhancing demand for infrastructure and technology related to LNG fuelling stations. The trucking sector could see a shift in investment opportunities towards LNG vehicles, impacting automotive and energy companies positively
Petronet in a good spot for the same. Technically, price exited channel (profit booking happening after target 3 is achieved). Pullback will happen at 23.6% (326) or 38.2% (295) fib level. At worst case 50% fib level 271. Monthly & Quarterly chart looks good. Considering RSI touch points, reversal could happen now.
Petronet LNG Date 09.09.2024
Petronet Lng
Timeframe : Day chart
Remarks : The stock has opened below the upward parallel channel since November 2023. This could be considered as serious breakdown of strong support band. One may definitely use a combination of 20,60 & 200 ema convergence or divergence method to see the strength & weakness going ahead. I suggest not to average or try catching falling knife in anticipation. Let the stock resume its channel in order to long the trades.
Regards,
Ankur
PETRONET LNG RANGE BOUND SETUPThe stock has been consolidating in a range for a quite a long period of time moreover this stock can be a perfect example for range bound trading the range begun in the 2017 year and is still prevailing the 190 levels have been a crucial support zone for the stock and a solid rebound happens everytime it touches that level on the upper side the 271 levels has been a major resistance for the stock if this is broken than a prolonged rally till 350 lvls can be witnessed. additionally if we look at the fundamentals of the stock it shows quite a promising side , the
PE-9.99
PROFIT - HIGHEST EVER
This is the cheapest valued stock in the gas distribution sector and has a growing and a promising future and demand
Petronet LNG - Bullish viewI have entered the marked level for swing trade.
Reasons for buying:
1. Breakout at 1 H time frame.
2. Stock is trading at all time high. These stocks generally perform good after breakout.
3. Breakout with volumes.
Please note that it's not a recommendation to buy. I have posted my analysis for educational purpose. Please do your own analysis before buying. I am not responsible for your profit or loss.
Petronet LNGSL Day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Buy PetronetPetronet is in good uptrend and making cup pattern on 15 min time frame. Buy Petronet around 381 with SL 375 TGT 395.
