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(PETRONET) Petronet Lng complete technical analysis [charts+indicators] | Buy/Sell Petronet Lng | (PETRONET) share price targets

Complete technical analysis of Petronet Lng (PETRONET) by charts plus indicators, forecast predictions and share price targets for Petronet Lng (PETRONET)

Petronet Lng trades in NSE in Oil Marketing & Distribution sector.

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Petronet Lng is 5231638

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	273.45	273.60	275.35	270.65	2.295 times
28 Wed Feb 2024	273.70	280.50	286.05	272.50	1.01 times
27 Tue Feb 2024	281.35	286.70	287.45	278.10	0.532 times
26 Mon Feb 2024	286.35	284.65	289.00	283.30	0.849 times
23 Fri Feb 2024	284.70	283.95	287.70	281.20	0.821 times
22 Thu Feb 2024	284.00	280.00	285.95	277.15	0.725 times
21 Wed Feb 2024	280.70	283.25	284.95	279.50	1.046 times
20 Tue Feb 2024	281.25	283.70	284.60	278.60	0.932 times
19 Mon Feb 2024	282.75	279.05	285.95	276.10	1.202 times
16 Fri Feb 2024	277.95	279.90	282.50	277.00	1.165 times

Stock of Petronet Lng (PETRONET) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 269.5 or till 260.2. Use a stoploss of 277.15 and if the stock hits stoploss, then it can shoot up till 284.83

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	191.70
Downside Target	200.75
Downside Target	222.50
Downside Target	241.75
Downside Target	255.60
Downside Target	264.75
Downside Target	270.65
Upside Target	276.10
Upside Target	284.00
Upside Target	284.55
Upside Target	287.70
Upside Target	289.00
Upside Target	296.45

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	266.4
Downside Intraday Target	259.35
Upside Intraday Target	284.75
Upside Intraday Target	296.05
Upside Intraday Target	277.7

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	273.45	284.65	289.00	270.65	0.991 times
23 Fri Feb 2024	284.70	279.05	287.70	276.10	0.697 times
16 Fri Feb 2024	277.95	272.40	284.00	255.60	0.511 times
09 Fri Feb 2024	270.15	271.80	296.45	264.75	0.911 times
02 Fri Feb 2024	269.45	259.00	284.55	257.60	1.433 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Petronet Lng (PETRONET)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	273.45	270.00	296.45	255.60	0.929 times
31 Wed Jan 2024	269.10	223.00	284.55	222.50	1.554 times
29 Fri Dec 2023	222.65	205.00	225.40	200.75	0.793 times
30 Thu Nov 2023	202.80	201.00	204.20	191.70	2.029 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Petronet Lng (PETRONET)

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Petronet Lng stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Petronet Lng in short term but the sell signal is initial and weak.

Petronet Lng Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Petronet Lng in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Petronet Lng is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 279.46 and Petronet Lng (PETRONET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Petronet Lng (PETRONET) stock. Volume based technical analysis of Petronet Lng (PETRONET) stock is negative.

Petronet Lng Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.