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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 2024-05-10 View latest technical analysis

10 day averaged volume of Petronet Lng is 7569498

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	299.65	297.00	301.40	293.15	0.42 times
09 Thu May 2024	295.95	309.15	309.50	295.00	0.553 times
08 Wed May 2024	307.35	295.15	309.90	295.15	0.886 times
07 Tue May 2024	297.55	305.55	306.30	295.75	0.669 times
06 Mon May 2024	305.20	316.00	316.10	304.00	0.506 times
03 Fri May 2024	313.80	322.00	323.15	310.80	1.067 times
02 Thu May 2024	320.75	310.50	322.45	305.90	2.208 times
30 Tue Apr 2024	310.55	305.95	317.00	305.50	1.736 times
29 Mon Apr 2024	305.00	312.00	312.55	303.65	0.381 times
26 Fri Apr 2024	308.65	304.40	312.00	303.80	1.151 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 298 as stoploss in an intra day buy trade for a target of 304.12. However, stock will show a bearish move below 298.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	222.50
Downside Target	255.60
Downside Target	262.20
Downside Target	277.20
Downside Target	284.55
Downside Target	291.20
Upside Target	303.65
Upside Target	312.00
Upside Target	315.20
Upside Target	316.10
Upside Target	318.75
Upside Target	323.15

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	289.83
Downside Intraday Target	280.02
Upside Intraday Target	312.78
Upside Intraday Target	325.92
Upside Intraday Target	302.97

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	299.65	316.00	316.10	293.15	0.563 times
03 Fri May 2024	313.80	312.00	323.15	303.65	1.067 times
26 Fri Apr 2024	308.65	303.05	312.00	291.20	0.879 times
19 Fri Apr 2024	300.15	300.30	318.75	294.35	0.707 times
12 Fri Apr 2024	305.45	278.00	315.20	277.20	2.141 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
10 Fri May 2024	299.65	310.50	323.15	293.15	0.254 times
30 Tue Apr 2024	310.55	263.55	318.75	262.20	2.216 times
28 Thu Mar 2024	263.20	273.45	294.00	256.30	0.496 times
29 Thu Feb 2024	273.45	270.00	296.45	255.60	0.929 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. Signal strength is Weak and stock is losing 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 SELL signal for Petronet Lng in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 310.01 and Petronet Lng (PETRONET) stock is trading below this level. This means that stock is falling with high volumes. 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 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.