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PETRONET LNG LTDPETRONET LNG LTDPETRONET LNG LTD

PETRONET LNG LTD

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PETRONET trade ideas

Petronet for 290?Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein. Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump. Larger TF counts are copied below. Weekly: Daily (from primary 4th wave) Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over). But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. Petronet for 290? Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein. Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump. Larger TF counts are copied below. Weekly: Daily (from primary 4th wave) Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over). But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:PETRONET
by Murthy_Santhosh
Petronet LNG Good for a Swing.NSE:PETRONET is looking good for swing trade up to it's Resistance Levels. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:PETRONETLong
by Karanshah137
[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.
NSE:PETRONETLong
by Amit_Ghosh
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
NSE:PETRONETLong
by shanmurali
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.
NSE:PETRONET
by Darshan1971
1