Short term Channel breakout with good momentum In weekly it seems H & S formation.once break 245 expecting good Bull rally All levels marked for education purpose only
There is an Alt Bat Pattern Formation on Petronet hourly chart. Prices are currently trading in the PRZ zone of the pattern. RSI is also in the oversold zone, hence there is the probability that we could see some bounce in the stock. Resistance at 219-220 levels. The pattern would be negated if prices close below 210 levels. Disclaimer: Not a recommendation to trade.
All levels are marked in the chart. Follow risk management strictly.
Petronet LNG Looking Weak RSI - Downtrend - 40.78 Target & support 211
NSE:PETRONET Buy above 218 or near 210 CL closing below 199 T 231 236, 242 249 Closing above 255 will see 270+
Petronet is at lowest support area.I am expecting reversal from support area.All levels mentioned in chart
Petronet Double Buttom Buy 215.30
At present it is following a sinewave pattern , and is at the lower end of the wave . Its likely to move up in the next leg of the sign wave.
seems like coming out of downward trend
It 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.
The trend is Bullish in the short term, with Parabiolic SAR already in Buy Signal. Aother Oscillators and MA signals are also in favour. Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may...
Looking at yearly trend, major possiblility to rebound from current price! Purely technical.
ANALYSIS / TRADE BASED ON : 1. PRICE ACTION 2. TREND LINE 3. FIBO ACTION 4. PURE PRICE ACTION
Petronet can give breakout as its trading near 200dma too