Petronet LNG Ltd.
1. Stock form triple bottom in two year chart and very near to major breakout level on Six Months & Yearly chart almost after 65 days for More details of Chart go through Money Control.
2. Weekly RSI is above 55 levels.
3. Stock closes above 10/20/50/100/200 days moving average & last three day's continue higher high as well as raising...
This is the most straightforward price action logic in the commodity stock space right now. The entire commodity stock space is hitting a multi-period low. Prudent capital deployment at different levels should be considered.
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
PETRONET company trading at 52W low and bottom trend line makes as a support, PETRONET diversification leads investors to Sell their share, which leads share price drop near 52W low, Add this stock to your watchlist and observe the trend.
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 ! ! !
"Pertronet's Weekly Demand Zone Signals Positive Momentum"
Pertronet, our favorite stock, is currently showing strong signs of a bullish trend in the coming days. What makes this prediction even more compelling is the fact that it is comfortably situated within a weekly demand zone. This zone serves as a reliable foundation for potential upward movement in the...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
#PETRONET 238
Breakout at ATH and Retested
TGT 275 and open for above
SL Not Applicable
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong....
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other...
Petronet showing bullish sign. One can take this trade for 8-10%. Bullish harami candlestick has been formed.
🚨DYOR
🚨SL must, it depend's on your risk appetite
on hourly chart making a breakout of inverse head and shoulder pattern buy for a minimum trg of 248 ..as will be crossing long term resistance of 235 target for 3rd wave can be 260-280 level.
Petronet has formed Max Gartley Pattern, Given strong volume and Upcoming Earning to act as Catalyst we can expect the Stock to go upto 233 levels followed by 242 Levels
![PETRONET: [Positional] Petronet Buy Idea](https://s3.tradingview.com/i/i8nXXste_mid.png "[Positional] Petronet Buy Idea")
