These are the Source and Destinations of the Uptrend.
The Demand and Supply Equilibrium showing us the Areas on the equilibrium.
Long Trade with an Amazing Reward to Risk ratio.
ENJOY THE RIDE ! ! !
PETRONET LNG is have ready to break his life time high with high volume chart is showing some internal news came any time Last time i was update hind petro at 220 now that share doing business at 300 you can check my previous published idea's that share
NOW price is 228 TRG 280/320/360 sl 200 only for long term holding
After long time consolidation NSE:PETRONET is ready to make upside move.
As per my analysis, best level to take entry is 204.50, can hold stock till target of 211 & 224.50 .
Stop loss will be 190.
Note: This is my personal analysis, only for learning.
Thanks.
The 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...
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.
PETRONET 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!
