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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 2024-03-18 View latest technical analysis

10 day averaged volume of Petronet Lng is 4603332

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	264.60	264.80	266.30	261.40	0.484 times
15 Fri Mar 2024	264.35	266.10	269.60	258.05	1.406 times
14 Thu Mar 2024	266.65	263.65	269.00	261.00	1.217 times
13 Wed Mar 2024	263.75	275.65	278.25	262.40	1.129 times
12 Tue Mar 2024	275.65	279.70	281.20	274.65	0.591 times
11 Mon Mar 2024	279.70	281.30	283.30	275.30	0.973 times
07 Thu Mar 2024	281.65	284.20	288.30	281.00	0.587 times
06 Wed Mar 2024	285.70	290.90	292.80	280.30	1.089 times
05 Tue Mar 2024	291.10	294.00	294.00	286.95	1.315 times
04 Mon Mar 2024	291.20	282.00	292.40	282.00	1.651 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 270.4, but if it comes above 270.4, then a intra day buy could be more profitable.
If you take a sell trade below 270.4, then use 270.4 as stoploss and 260.5 as target. However if you take a buy trade in stock , then use 270.4 as stoploss and 278.72 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
Upside Target	276.10
Upside Target	283.30
Upside Target	284.55
Upside Target	287.70
Upside 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	261.9
Downside Intraday Target	259.2
Upside Intraday Target	266.8
Upside Intraday Target	269
Downside Intraday Target	264.1

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	264.60	264.80	266.30	261.40	0.091 times
15 Fri Mar 2024	264.35	281.30	283.30	258.05	1.145 times
07 Thu Mar 2024	281.65	282.00	294.00	280.30	0.72 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

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
18 Mon Mar 2024	264.60	273.45	294.00	258.05	0.311 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 down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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.

Petronet Lng Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Petronet Lng in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 277.45 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 negative.

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