PETRONET trade ideas
Petronet lng Chart analysis and Confirm Targets Petronet lng Demand and Supply Zones Analysis
Stock is almost in consolidate from 5/6 years and now near buying zone of 245/255
Long term Targets are 347/387
Investment dividend stock near support!Petronet LNG is an investment stock with amazing dividend yield and a TTM PE ratio of around 10 at CMP of 222.
The chart of stock is quite simple. The stock is consolidating since 2017 but has continuously took support from a trendline which was earlier a resistance.
The stock is currently available at a strong demand zone which is the confluence of it 200 week EMA and 50 week EMA.
The stock is attractive at CMP and can also be added on dips uptill 205. SL can be a weekly closing below 190 and Targets can be 240,257 & 270.
If the stock sustains above the supply zone of 270-280, we can see a flag-pole breakout which can take the stock to new highs . So keep this stock in radar for long term purposes as well.
Note:- Idea has been shared for educational purposes only and should not be considered as a recommendation.
Petronet Gives brakeout on Daily chartNSE:PETRONET
Petronet Gives brakeout on daily chart
I am Buying this stock on Rate 355
And following SL of 310
And my target is 405
Petronet Monthly ChartGiven that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
PETRONETPETRONET its multibagger stock . long term investors this monthly break out show on chart with good volume spike
so , my side is buy .
for MORE check in my TradingView ID
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
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PETRONET! Abki baar, 400 Paar ????- Gave multi year breakout
- Good Volume
- Good RSI
- Fundamentally fine.
For educational purposes only. Not a buy/sell advice.
Petronet LNG Ltd#PETRONET
CMP : ₹.337.4/-
Major player in the field of LNG imports. Looking technically good for small, medium and long term.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
PETRONET LNG - Swing Trade Analysis - 12th June #stocksPETRONET LNG (1D TF) - Swing Trade Analysis given on 12th June, 2024
Pattern: SYMMETRICAL TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
PETRONET TARGET 352 STOP LOSS 294Script monthly closing with bullish and sustained above the consolidation resistance of 294 and weekly closing is good with bullish. And last one hour sustained bullish with good volume. First target is 352 and second target is 379
PETRONET LNG - IN BUY ZONE It has broken 2015 high of 296 in Month of April 2024.
Since then 296 is been acting as a strong support, which can be easily verify in last few session.
Petronet is again at this level and can sho recovery.
Movement above 300 is a buy for targets of 315
SL - 290
Good weekly breakout with Strong Volumes. Certainly! Here’s a concise explanation:
1. Price Breakout: The stock achieved a significant breakout on the weekly chart, surpassing previous resistance levels, indicating a strong bullish trend.
2. Volume Confirmation: This breakout was accompanied by a substantial increase in trading volumes, affirming the strength and sustainability of the upward movement.
Multi year BreakoutStock broken multiyear resistance and maken ATH Best time to enter by putting stopless at breakout candle low
PETRONET LNG WEEKLY ANALYSISPETRONET on weekly chart above 230 closing on weekly price can lead to 350
its a very long term time correction / consolidation area currently breakout can move very fast assuming
Petronet ATH breakoutPetronet among gas distribution brokeout all time high. Gas distribution sector also gave trendline breakout. Fundamentals of Petronet is also good. OPM has been steadily increasing over past 4 quarters along with net profit and eps. Stellar ROE record over 10Y period
Petronet--darvas box breakout
--taken support
---possible upside 355
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
PETRONET LNG Trade Setup !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: 5-6 times.
Petronet chart analysis1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
Long in Petronet LNGThe structure in Pretonet LNG is a superb one and looks very promising from every angle.
The Demand zone (marked in Green) is a very very fine zone and one can look for Entry at 290.3 levels with Stop Loss @ 287 (closing basis) and Target (as per current chart) of 308 which can be trailed further as per your satisfaction.
📈 Petronet LNG - Multi-Year Breakout Alert! 🚀🔍 Setup : Multi-year breakout setup
📊 Analysis: Bullish trade! 🐃 Significant volumes detected, with a supportive sector. Key levels from October 2017 and September 2019 have been breached, and the price is sustaining well above them. 📈
Share your thoughts! Like and comment below! 💬 Let's capitalize on this breakout opportunity together! 🌟
#PETRONET #BullishTrade #MultiYearBreakoutSetup
PETRONET
The stock has been in a consolidation phase since year 2018.
Currently, price has cleared its previous all time high of 299, suggesting resumption of the long term up-move.
Price could initially be expected to test 375 (161.8% FR level), and optimistically the long term up-move could see 710.
Bullish outlook remains intact as long as price is above 260.
