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.
As its clear that it is forming a head and shoulder pattern and it has also pull itself back from the great support i.e. 246 and also closed above 250 which was a great point to be looked. So i personally think that it would touch its previous high i.e 275 in the upcoming week. Thak you.
Petronet has double bottom on 4hr TF, Targets on chart...
Stochastic Daily is in oversold region indicating reversal in momentum. There's an inside swing on 30 minutes chart. look for buy upon break out of inner swing target 1.618 of outer swing stop inner swing low.
we can see price formed a double top and broke from a rising wedge once price broke the neckline of the double top and 50% fib level we can short. target are mentioned on the. stoploss will be depend on risk apatite you can put your stoploss above previous high please share your views on this analysis
Petronet has bearish pennant on hourly timeframe. Target on chart...
Breaking sym triangle and inverse head and shoulder expecting 350 and 450+ lets see
Petronet swing trades opportunity triangle + resistance brackout trade
This is on range and may keep in range unless Vol comes up for breaking any level. Based on data and past History marked crucial level of trade. Keep eyes on VOL and SL is must
The LAST CLOSE PRICE of NSE:PETRONET is 262.05 , as on 04.12.2020. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0 at the FIBONACCI STOCK PRICE LEVEL of 263.03. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07 , SUPPORT 2 ...
PETRONET LNG IS IN DEMAND ZONE AND HAS BULLISH FLAG PATTERN BO SL 250 TARGET 270/280/299
Petronet CMP - 254.25 Looking very bullish. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Buy at or Above 256 / Stop Loss 250 Target 1 - 259 Target 2 - 262 Target 3 - 265 / 268 Disclaimer: This is my view and for educational purpose only.
You can see classic W/double bottom pattern on petronet daily chart at 68.2 Fibonacci retracement level. Classic case of going long on petronet. Target of 279 and 322 for medium and long term
Petronet CMP - 229.70 Looking bearish in daily time frame. One can go for sell with the following entry, exit & targets Sell at or above - 228.50 - 227 / Stop Loss 235 Target 1 - 225 Target 2 - 221 Target 3 – 218 / 215 Also, we can 220 PE OCT CMP - 0.35 contract will be a good buy for quick profits. Target will be 0.70 / 0.90 /1 + Disclaimer: This is my...
Petronet LNG is coming out of FWP in W TF. Price is giving fantastic move already. We might see more upsides in coming days.