PETRONET LNG LTD
Long
Aggiornato

petronet -looks bullish

https://www.tradingview.com/x/d50IBtDr/bullish signlas
1.price >3>18> 50 >200 EMA on daily and hourly chart
2. EMA s starting to fan out
3.symmetrical triangle outbreak
4. 3-6 , 12-26,50-100 MACD all are above signal lines and > 0 value
5. price reversal on 200 EMA leg
6. favourable RR ratio (2.5 for intial target 1 )


point of concern
1. price faced resisatance at 224 (previous resistance level) but was quickly suppoted by 16 day EMA and 219 pricelevel pivot ( 10 th nov and 7th dec 2022) and NO formation of three red candles (3 Consecutive candles indicate price reversal)

Nota
target 1 230 done .... more to come
Nota
evening star has formed ...wait for correction to 225 before rentering
Nota
can enetr ay 225 level
stop loss 220
Nota
nearing second target of 240
Nota
target achieved .. might correct /consolidate for some time
Nota
re enter at 226
target 240

Declinazione di responsabilità