PETRONET LNG looks promising as it near it's multi-year breakout. Closing above 240 can fire NOTE: I'm not a SEBI REG. Study before investing.
After the bull run, stock retrenched to 61.80% fib level and consolidated for 6 years. The range breakout visible in chart, aptly supported by volume and technical indicator. Stop Loss below 20EMA; Target 1 Rs 415 Weekly Chart After four year of consolidation, the stock given a descending triangle breakout with breakaway gap. Technical Chart Golden...
multi year consolidation breakout on weekly basis,
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...
decent valuation bullish engulfing bar bouncing from 18 day EMA stop loss and target marked
Fundamental Highlights: Market Capitalization: ₹37,020 crore Price-to-Earnings Ratio (P/E): 10.9 Return on Capital Employed (ROCE): 26.6% Return on Equity (ROE): 22.8% 3-year Sales/PAT Compound Annual Growth Rate (CAGR): 19%, 6% Technical Analysis: Since October '17, the price has exhibited sideways movement. A breakout has occurred this week, surpassing both...
NSE:PETRONET is showing an interesting breakout pattern. It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume. Structure wise it is also creating an higher high patten. Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.
petronet LNG giving a massive breakout, re rating incoming.
Petronet looks good at the bottom. Targeting 30% from here. Positional call. 🚨DYOR 🚨SL must, it depend's on your risk appetite
➡️sector with massive potential ➡️EPS has doubled since 2017 ➡️low P/E ➡️public holding <10% Safe traders to enter on ATH & 7 year box #breakout Disc: already invested
The 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...
based on chart its showing good sign . good for option trading of next month anyone can look for call option of 230 of January expiry which is around 6 rupee . keeping stop loss of one rupee can hope price of 10 to 12 in next two weeks
Petronet lng moving upside. 219 level is a Good support. Confirm this level with bullish sentiment Target is 234.
Liquidity being created Both side of the Market, but eventually market moves in the direction of order flow. Which is upside....from the mentioned Demand Zone.From here I anticipate if the price goes down to the Demand Zone mentioned..Spike Might be noticed.
Earlier posted around 202 around break out levels now moved up to 214. Enjoy the profits and ride on the trend.
Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:PETRONET with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:PETRONET Holding Time Frame: 90 Days Entry Point: 193-195 Stop Loss Point : 180 Target Point:...
After big fall, Petronet has trading in support zone. Given triangle breakout and back to back day volume, awaiting for breakout. After cross 204 -205 Resistance zone, we can expect sharp move towards 240 levels. Stop loss should be below support zone 192 levels. We can expect 1:2 RR ratio.
PETRONET Trading near support zone Can be bought for quick gains 10/20% in 1-2 months