Petronet LNG19/05/2024 Petronet LNG on Monthly chart CMP: 313.50 Target : 405 SL: 290 Information is only for study PurposeLongby vikas0119783
SWING IDEA - PETRONET LNGThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Petronet LNG . Reasons are listed below : Breakout of Strong Resistance at 300 : Petronet LNG has successfully broken above a significant resistance level at 300, signaling potential bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The presence of a bullish Marubozu candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement. Breakout from 6+ Years of Consolidation : The stock has broken out from a consolidation phase lasting over 6 years, indicating a significant shift in market sentiment and potential for sustained upward movement. Trading Above 50 and 200 EMA : Petronet LNG is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation. Support from 0.382 Fibonacci Level : Finding support at the 0.382 Fibonacci level and bouncing back reinforces the bullish outlook and provides a solid foundation for potential upward movement. Trading at All-Time High (ATH) : Petronet LNG is trading at its all-time high, indicating strong bullish momentum and potential for further gains. Constant Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains. Target - 340 // 380 Stoploss - weekly close below 260 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights Longby Visionary_Growth_InsightsUpdated 119
Petronet has been refueled!Petronet has completed its 60 months cycle and is ready for the next rideLongby aryan_chandel_brine1
PETRONET LNGThis stock breakout nearly 5 years consolidation level with huge volume and this is only for educational purpose Longby Tradestratzy5
Multiyear range breakout petronet lng has given multi year breakout in monthly chart. New all time high has been formed and price action also show range breakout. In daily time frame also there is W pattern breakout and it has also retested that level. In coming months we can see good up move in this stock. Longby Aarjeh1
Petronet all time high breakout Please consult your financial advisor before any investment we are not sebi registered this is only chart learning purpose..Longby premganatraa0
Strong Buy Petronet cmp 214, target 300, Timeframe 1 month.Petronet is into developing, designing, construction, operation of owned and import Liquified Natural Gas(LNG) terminals in India. 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 combined capacity of 22.5 MMTPA. It accounts for 40% of gas supplies in the country and handles ~75% of LNG imports in India. The company's major customers are GAIL, IOCL and BPCL. Petronet LNG has pioneered the concept of consumption of LNG as liquid ONLY in long distance heavy duty trucks and inter city buses. Small Scale LNG (SSLNG) includes supply of natural gas in the form of LNG to small consumers through unconventional transportation methods like trucks, small vessels etc Petronet is taking initiatives for promoting environment friendly LNG as a fuel in road transportation. It has commissioned India's first LNG dispenser stations inside Dahej & Kochi LNG terminals and has also commissioned the first commercially approved LNG powered buses of the Country.It has signed MOU's with IOCL, Indraprastha Gas Limited, Sabarmati Gas Limited, State Roadways Corporation like KSRTC for running few buses on LNG and establishing LNG dispensing stations at their locations. Petronet LNG is planning for construction of LNG regasification terminal at Bangladesh. It has submitted detailed feasibility report for construction of storage and gasification terminal in South Andaman. Similarly it is planning for setting up a Floating storage & regasification terminal at Colombo, Sri Lanka along with Japanese consortium. Petronet is planning for expansion of the capacities at Dahej Terminal to 22.5 MMTPA from the current 17.5 MMTPA. Key Ratios: ROCE - 26.6 % ROE - 22.8 % EPS - ₹ 22.7 Dividend Yield - 3.27 % Debt to equity - 0.20 Price to book value - 2.00 Stock P/E - 9.44 Industry PE - 18.1 Conclusion: With such a high ROCE and good dividend yield, Petronet is just trading at PE of 9.44 which is considerably undervalued as compared to Industry PE of 18. Technically the stock is poised to give a sharp movement upside as it started rising from strong support zone which is a double bottom pattern and the trend bullish structure is intact. Earlier the breakout of trendline is acting as as support. Trendline connecting lows was taken out for a few days only to grab a liquidity and exit weak hand and to retest strong support levels and from there it has risen sharply with high volumes and it iss again above lower trendline indicating a sharp reversal and good momentum to follow in coming days. The target expected is 300 in timeframe of 1 month which comes to 40% return in just 1 month. Longby PrashantDahaleUpdated 5515
petronet lngpetronet is ready to blast from inverse head and shoulder pattern . We have a target of 410-420 Longby tanrakesh3314
Petronet Crosses All time highSo... Petronet just crossed its all time high and that is exactly one of the 2 things I trade - All time high and Patterns so count me in the tradeLongby BeepBoopv22
PETRONET- Mulityear Resistance Breakout Stock Name- PETRONET Mulityear Resistance Breakout Weekly Time Frame Holding period - 6 to 12 months Potential Upside Stock Good Dividend History Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.Longby ashokrajmec4
PETRONET LONGPrice close above the zone in 4H TF. Target 242 ,254 Short term. Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose onlyby VpktradesUpdated 13
short term1) short-term target 2) target and stop loss mentioned in chart 3) no recommendation fir buy and sell 4) All-time high 5) how where marjet mood stock can move 6) be careful. Longby investigationofchart0
Petronet long for 340 tgtCan enter petronet CMP 288 with 260 day closing basis SL for tgt 340, rejection n pullback and in momentum...good candidate for abv 15% gain in very short termLongby ishaan61933
Petronet Lng longthis stock current time complete extend flat correction 0-2 trendline not break price cross wave1 high . if wave 3 break this line before wave 1 high cross . impulse wave convert complex correction.Longby HARISHRAO993
PETRONET LNGThis post is solely for educational purposes. PETRONET price is emerging from a demand zone, BUT the entry point is 271, then the subsequent targets will be 275,280,285 and beyond 290. If you appreciate my analysis, please follow and comment. You may also ask questions about any stocks for further analysis.Longby astroamit8335
Crossing the hurdle: Positional trade in PetronetPetronet LNG has been in consolidation phase from 2019 and is frequently seen as giving whipsaws at the 40 day EMA. It made an all time high of 299 and from there it started its sideways journey. It formed a triangle pattern and on 15th Januray gave a breakout with above average volumes.It even briefly tried to test the all time high of 299. The long term Relative strength (Red line) too has turned positive for the time period. If this level is crossed petronet could go till 350-360 levels. The risk present here is that for the very short term the stock is in a weak zone as overall markets have seen selling. (This is not an investment tip. Please do your own due diligence)Longby sreeragvinod84
Petronet BreakoutPetronet breaking out after forming a base for 2.9Y and reached target 1 today at 285. 317, 379, 402, 423 are the subsequent targets. 379 should be an easy target.Longby narayklnUpdated 114
Petronet LNG breakoutPetronetLNG breaking out of 4 year long range/pennant consolidation. Target - 410 / 600Longby ishaanb2
Petronet LNGThere is good breakout in ratio chart of Petronet LNG and chances are higher that it can given good in returns in coming week.Longby YS94
PETRONET DAILY CHART (power of mob)MOB BANG ON PETRONET DAILY CHART Cmp 222.70 Target 288-293 Expected move explained as 1-2-3-4-5. Any move below 205 levels will negate the calculation.by UnknownUnicorn4824761225
PETRONET DAILY CHART PETRONET DAILY CHART Cmp 222.70 Target 288-293 Expected move explained as 1-2-3-4-5. Any move below 205 levels will negate the calculation. Its only an observation & not any suggestion or recommendation. Longby UnknownUnicorn4824761Updated 5525
Petronet LNG #PSU worth to look for!Is it gonna break multi-year range? With recent Q3 results I can assume that the price action got the support of Fundamentals as you can see the price just attempted to break its barrier though it is unsuccessful; looking at the similar pattern before -- the current structure almost resembles the pattern the stock is following. like historic pattern, price being above the R1 pivot gives confidence that it will eventually break out of the range and inch higher #PSU Longby shivalingesh1
Petronet LNG Long Positional3-2-2024 ------------ Petronet LNG Looking good on Chart Buy above 299 Targets : 315-330-360-397-435 Duration few Months Reason : Breaking Consolidation zone, Above 20 & 50 EMA, Volume increase, RSI above 60Longby IOTABHI4