PETRONET trade ideas
Flag PatternStock Analysis: Petronet looks formed flag pattern. As long as price not closing above the supply zone (Marked on Red) expected to further go down as per the direction given on the chart.
Let's see..
Petronet : All set to launch for 270!Looking at yearly trend, major possiblility to rebound from current price! Purely technical.
PETRONET ready to breakout! Go LongPETRONET: Sorry for over crowded graph! Seems like price reached apex for triangle and ready for breakout upwards. If it did , watch out R1= Target 1 at 266 and R2= Target 2 at 274. In the long run price can go up to 296.
Petronet LNG has formed a double bottom in daily chartPetronet LNG has formed a double bottom chart pattern and currently moving around neck line. Break out is about to happen.
Petronet LNG - Symmetrical Triangle breakout possible.Every time after 4 or 5 weeks at support the stock moves up
If history tends to repeat we may see a fresh breakout
Mouth support to resistance is in a gap of 110 points or 60% range.
After the breakout, the same 110 points (380 Target) or 60% rise (Target 428) in upcoming months.
My Petronet analysis for the expiry week.As its clear that it is forming a head and shoulder pattern and it has also pull itself back from the great support i.e. 246 and also closed above 250 which was a great point to be looked. So i personally think that it would touch its previous high i.e 275 in the upcoming week.
Thak you.
Petronet Intraday - Inside triangle BuyStochastic Daily is in oversold region indicating reversal in momentum.
There's an inside swing on 30 minutes chart.
look for buy upon break out of inner swing
target 1.618 of outer swing
stop inner swing low.
PETRONET FAILED BULLISH BREAKOUT
ASCENDING CHANNEL ALSO SEEMS TO BE BROKEN.
WOULD RECOMMEND ONE RETEST, AND THEN ADETO TAKE THE TR
My Trade Setup On PetroNetwe can see price formed a double top and broke from a rising wedge once price broke the neckline of the double top and 50% fib level we can short. target are mentioned on the. stoploss will be depend on risk apatite you can put your stoploss above previous high
please share your views on this analysis
Inverse Head and Shoulder and Triangle Breakout Breaking sym triangle and inverse head and shoulder expecting 350 and 450+ lets see
Petronet weekly chart breakout tradePetronet swing trades opportunity triangle + resistance brackout trade
ConsolidationThis is on range and may keep in range unless Vol comes up for breaking any level. Based on data and past History marked crucial level of trade. Keep eyes on VOL and SL is must
TECHNICAL ANALYSIS OF NSE:PETRONET.The LAST CLOSE PRICE of NSE:PETRONET is 262.05 , as on 04.12.2020. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0 at the FIBONACCI STOCK PRICE LEVEL of 263.03. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07 , SUPPORT 2 at 241.89 with RESISTANCE 1 and RESISTANCE 2 at 276.53 and 284.71 respectively. The Key 50% FIBONACCI LEVEL stands at 235.27 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 21.43 and 12.63 respectively. At this level it the status is OVER SOLD . When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 6.35 and SIGNAL at 6.61 alongwith HISTOGRAM showing valus of -0.26 , the STATUS is clearly BUY CROSSOVER NEARING IN .
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.04 and -0.42 with SIGNAL as TREND CHANGED TO BUY . A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1596 the STATUS is OVER BOUGHT .
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. The same applies to Stocks, however, the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 15.903 which signifies its Price Level to be VERY CHEAP.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
