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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 2024-03-05 View latest technical analysis

10 day averaged volume of Petronet Lng is 5082635

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	291.10	294.00	294.00	286.95	1.191 times
04 Mon Mar 2024	291.20	282.00	292.40	282.00	1.495 times
02 Sat Mar 2024	281.85	282.75	284.25	278.90	0.038 times
01 Fri Mar 2024	282.70	273.45	284.05	273.45	0.976 times
29 Thu Feb 2024	273.45	273.60	275.35	270.65	2.362 times
28 Wed Feb 2024	273.70	280.50	286.05	272.50	1.04 times
27 Tue Feb 2024	281.35	286.70	287.45	278.10	0.547 times
26 Mon Feb 2024	286.35	284.65	289.00	283.30	0.874 times
23 Fri Feb 2024	284.70	283.95	287.70	281.20	0.845 times
22 Thu Feb 2024	284.00	280.00	285.95	277.15	0.746 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 286.7, but if it comes below 286.7, then a intra day sell could be more profitable.
If you take a sell trade below 286.7, then use 286.7 as stoploss and 278.69 as target. However if you take a buy trade in stock , then use 286.7 as stoploss and 296.4 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	191.70
Downside Target	200.75
Downside Target	222.50
Downside Target	255.60
Downside Target	264.75
Downside Target	270.65
Downside Target	282.00
Downside Target	287.70
Downside Target	289.00
Upside Target	294.00
Upside Target	296.45

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	284.07
Downside Intraday Target	277.03
Upside Intraday Target	296.07
Upside Intraday Target	301.03
Downside Intraday Target	289.03

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	291.10	282.00	294.00	282.00	0.46 times
02 Sat Mar 2024	281.85	284.65	289.00	270.65	1.2 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

Price has moved up 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
05 Tue Mar 2024	291.10	273.45	294.00	273.45	0.11 times
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

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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Petronet Lng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Petronet Lng in short term and BUY 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 282.36 and Petronet Lng (PETRONET) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.