PETRONET trade ideas
PetronetIt has formed a Bullish Harmonic AB=CD in daily time frame along with double RSI bullish divergence. It could retrace till 235-240 as long as its above 218.
simple price actionfollow trend and be conservative as accumulation period is not been used and sl is big
trade only with emotion free money otherwise volatility will kill
Flag PatternStock Analysis: Petronet looks formed flag pattern. As long as price not closing above the supply zone (Marked on Red) expected to further go down as per the direction given on the chart.
Let's see..
Petronet : All set to launch for 270!Looking at yearly trend, major possiblility to rebound from current price! Purely technical.
PETRONET ready to breakout! Go LongPETRONET: Sorry for over crowded graph! Seems like price reached apex for triangle and ready for breakout upwards. If it did , watch out R1= Target 1 at 266 and R2= Target 2 at 274. In the long run price can go up to 296.
Petronet LNG has formed a double bottom in daily chartPetronet LNG has formed a double bottom chart pattern and currently moving around neck line. Break out is about to happen.
Petronet LNG - Symmetrical Triangle breakout possible.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.
My Petronet analysis for the expiry week.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 Intraday - Inside triangle BuyStochastic 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.
PETRONET FAILED BULLISH BREAKOUT
ASCENDING CHANNEL ALSO SEEMS TO BE BROKEN.
WOULD RECOMMEND ONE RETEST, AND THEN ADETO TAKE THE TR
My Trade Setup On PetroNetwe 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
Inverse Head and Shoulder and Triangle Breakout Breaking sym triangle and inverse head and shoulder expecting 350 and 450+ lets see
