PETRONET BUY IDEAas we can see the sock has broken triangle pattern convincingly and has entered the demand zone, for long term investors it will be a good idea to accumulate now.
PETRONET trade ideas
Petronet LNG Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple major support zones and the target is placed based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
Bullish Hammer on PetronetPetronet has formed a Bullish Hammer on Daily chart. This signifies reversal of a downward trend.
Keep SL at 215 or slightly below it.
Target1: 223
Target2: 230
Petronet at good support Range.Good for swingPetronet is at lowest support area.I am expecting reversal from support area.All levels mentioned in chart
PETRONET LNGA Bullish Harmonic AB=CD reversal was met by a slanting trend-line resistance which lead to a dip towards 88% retracement with the likelihood of a double bottom activating a Bullish Harmonic Shark.
This up move can go till 225/235/255 as long as it does not break the lower base formed when the AB=CD was made.
Harmonic Patterns are based on Fibonacci ratios which conform to specific alignments. They are among the fastest to give reversal signals unlike oscillator based systems.
PETRONET Daily Bullish BAT & Bullish GARTLEY@XA88.6
Strong POTENTIAL REVERSAL ZONE as Earlier Patterns given good reaction on Type1 entry & hit both TargetS now price is again in PRZ Zone of Patterns it becomes a TYPE2 Entry which is REVERSAL
so expecting Reversal from this level ,Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30 with No Supply POTENTIAL BUY
PETRONET - Reversal trade With the formation of a bullish doji at the demand zone, the chances of a trend reversal from here, are high.
View negated below demand zone close.
Petronet following a sinewave patternAt present it is following a sinewave pattern , and is at the lower end of the wave . Its likely to move up in the next leg of the sign wave.
PetronetHey all
PETRONET is going to move in 5th wave have a look at the target
buy above 224 which is support in monthly with the target of 250-300 in short term
thanks....
PETRONET BUY@225PETRONET .. LOOKING BULL 2 CPMPLETED THEN PRICE MOVES SLOWLY 225 GGOD BUY TARGET 260 310...............
Long term investmentIncome, reserves and cash flow is good. Debt (or negligible) free. Buy on dips and near short term, it gives good price break out.
Petronet: Inverted Head and Shoulder Petronet forming an inverted HNS in the chart breaking the previous resistance and long term trend line, this is the right time to GO long in this stock. Disclaimer: I'm not a SEBI registered, for Education purposes only.
SHORT PETRONET LNGShort Petronet LNG on advance right shoulder formation around 242. Target 225-218-208 on breakdown below 235. Stop loss at 246. Time frame 2 3 weeks.
petronet LNG-buylikely to cross 243 for a target of 258,272,285 trg.keep it for long to get hansome return.
