The weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend.
Buy at Market, Target at 235, Stop Loss at 218
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
Bad Results are just buying opportunity when stock is in uptrend...Petronet 5% down move is excellent opportunity to add longs here...
Mark ki jiye points...Trade ki jiye points...Bhav Bhagwan hai...
as per my analysis petronet is good stock for buy for swing trading as delivery quantity is added heavily in last few days its not an advice just sharing my analysis i am not buying it i do paper trade in tradingview only thanku
The price was taking resistance from the long time. Price taken support from the support zone and now trading near resistance and resistance area of 226-232.If price breaks the level of 232 and closes than good move possible towards the upside. After breakout can enter in long position for the target of 230/260/300 in next coming trading sessions.
#PETRONET...
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I suppose targets between 235-240.
Stop loss 220.
After break out of triangle pattern the stock can be expected to move upwards with a target of at least 8 to 10% and we can see good momentum in the coming few days. A pull back can be expected at 230 after which the price could resume it's upward momentum and momentum could increase after this pull back.
Study...
Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India.
Major player in LNG supply:-
The company is in the niche business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a...
PETRONET long
breakout from last swing high on daily tf
breakaout from falling wedge trendline
RSI tradinb above 60 on daily TF
Breaking H&S in daily tf
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.
