PETRONET trade ideas
#petronetlng Heading towards PRZNSE:PETRONET
one can initiate swing trade for long if find reversal form harmonic PRZ. keep stop loss as per chart.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
SPECIAL CHART: PETRONETMonthly Chart Analysis:
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried multiple times to take it up. See upside spikes highlighted on chart.
Petronet LNG symmetric triangle patternScrip has breached its 200 weekly ema and forming a symmetric triangle pattern. A clear sign of breakout/breakdown on weekly charts. I am more aligned towards short but it depends on oil and gas global cues.
Disclaimer: This is just for educational purposes won't be responsible for any trade taken on this basis. Please consult your financial advisor before making any trade.
STRONG SUPPORT, vey good RRDISCLAIMER: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. Kindly consult your licensed financial advisor before making any and all investment decisions. I am not a SEBI registered financial advisor. By Viewing any material or using the information provided by me, you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here.
Positional BUYDiamond Pattern Trendline Support Buy for Good Risk Reward .Immediate Target 232,240. SL 220
Petronet- flat market in monthly timeframeThe script shows the profit booking and the supply zone at same level from past few months which indicates a flat market for this script in monthly chart system. But there is an opportunity to earn some even when there's a flat market for swing traders the lower low that has formed on the daily chart system is with the low power which has been derived from the MACD histogram and which also indicates that we are about to witness a bullish reversal in upcoming sessions. 220 is the support level and 260 is the resistance level. bullish candlestick has formed and has the bigger body which also indicates the positive directional movement. DO apply requisite SL to avoid whipsaw.
More details will be updated soon...
Petronet Lng Weekly Chart - Go Long1. Petronet lng on weekly chart it took support on positive divergence and formed a spinning top kind of candle, which is an indication for trend reversal.
2. Risk takers can go long while crossing previous week high with strict stop loss.
3. Others can wait for the candle to close above previous week high and go for long.
4. Levels are marked on the chart. If you have any other opinion or different approach pls feel free to comment so that we can rectify.
This is purely for Educational purpose, before investing pls do your own analysis or consult your financial advisor.
Thanks!!
Petronet LNG Trade Setup & W Pattern !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 5-7 times.
Petronet intraday idea for 23rd JunePossibly Petronet is going to have momentum tomorrow. Place SL@1% from the entry point as mentioned on the chart.
Petronet Diamond Pattern IdentifiedDiamond Pattern Found
Buy Petronet
Closing Price - 231
Best Price To Buy - 215-220
SL - 206 (WCB)
Target - 270/290
PETRONETTime to accumulate for long term and for the short term closing below 221.25 will take to 216.25 and bounce can be expected from 216-215.
And Closing above 233.50 will take above 240 in the short term.
NOTE: Only for educational purpose.
Sell--Sell Below 227.80. Closed at last Swing low in Day Chart.Sell--Sell Below 227.80. Closed at last Swing low in Day Chart.
a huge triangle is getting ready for the breakout....just an updated view... any further change wait for the update.... it can break any side ...
im not a semi register advisor. kindly contact your advisor for taking any decision regarding trades...
