PETRONET trade ideas
TECHNICAL ANALYSIS OF NSE:PETRONET.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 at 241.89 with RESISTANCE 1 and RESISTANCE 2 at 276.53 and 284.71 respectively. The Key 50% FIBONACCI LEVEL stands at 235.27 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 21.43 and 12.63 respectively. At this level it the status is OVER SOLD . When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 6.35 and SIGNAL at 6.61 alongwith HISTOGRAM showing valus of -0.26 , the STATUS is clearly BUY CROSSOVER NEARING IN .
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.04 and -0.42 with SIGNAL as TREND CHANGED TO BUY . A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1596 the STATUS is OVER BOUGHT .
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. The same applies to Stocks, however, the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 15.903 which signifies its Price Level to be VERY CHEAP.
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 be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Petronet - Intraday Trade SetupPetronet 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.
Petronet NG - Intraday Trade SetupPetronet 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 view and for educational purpose only.
PETRONET LNGPETRONET LNG NEARING ITS SUPPORT OF 230, IF SUSTAINS THEN 240, 243 CAN BE SEEN ON REVERSAL
ELSE ITS SINKING DOWN TO 217 AND 208 FURTHER
ITS A SLOW MOVER, SO KEEP TRAILING STOP LOSS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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