PETRONET trade ideas
Consolidate or buy on breakoutPETRONET LNG is looking good for a substantial bullish move in coming weeks and every dip in this counter should be used to accumulate.
For targets and stoploss you can send me a dm on the link provided in my profile.
All the best!
Short trade setupLooking good for short trade setups.
All green lines represent #VABA Number.
All the best!
Petronet, Long tradeHolding above 200 DMA, price may test 251, the first resistance at 100 DMA as it did several times earlier.
Petronet, Long TradePrice taking support at 200 DMA as it did several times earlier. Holding above this crucial level, Price may see 251, the first resistance.
Possible EW Count - Petronet LNGPetronet LNG is extending as part of the 3rd wave as so don't expect much pullbacks . A good stock(technically and fundamentally) to have in your portfolio as it has a lot more upside potential from current levels.
Short Term Target > 300+
Medium Term Target > 350+
Long Term Target > 400+
Good Luck.
Short below 398.5 for Target of 395 with stop of 400.5Short below 398.5 for Target of 395 with stop of 400.5
PETRONET LNG BULLISH PATTERNSTHERE IS POSSIBLE BULLISH BAT FORMATION AND 5-3 ELLIOTTE WAVES.......I THINK BAT PATTERN LL NT COMPLETE......IF 5-3 WAVE WORKS THEN TAKE POSITION ABOVE 380 WITH TARGETS OF 420 ...KEEP STOP LOSS @ 365......
IF BULLISH BAT PATTERN FORMS THEN TAKE POSITION BETWEEN 330 TO 340 WITH TARGETS OF 370 AND 380 ,KEEP STOP LOSS @ 320
Petronet About to Breakout from Symmetrical TriangleIt is been observed in the price action of petronet 0.28% that after a steady rally, it consolidates in symmetrical triangle formation where there is buyers and sellers indecision with price actions. On the previous symmetrical the buyers took control and we got an upside breakout with high volume and it rallied well to 340 levels.
Now, the price action has come again in range bound situation in a symmetrical triangle where buyers and sellers fighting for control of prices. It will be interesting to watch a breakout on Monday with big volumes on either side. Let see which takes the control, buyers or sellers??
Comment below what your opinion on it and whom do you think will take control over prices on Monday?
Regards,
Neetesh
