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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 2024-05-16 View latest technical analysis

10 day averaged volume of Petronet Lng is 5883408

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	312.15	308.70	313.25	306.35	1.335 times
15 Wed May 2024	307.20	306.95	309.00	303.10	0.543 times
14 Tue May 2024	304.20	297.60	305.90	297.55	0.749 times
13 Mon May 2024	297.60	299.40	299.55	291.40	0.59 times
10 Fri May 2024	299.65	297.00	301.40	293.15	0.541 times
09 Thu May 2024	295.95	309.15	309.50	295.00	0.711 times
08 Wed May 2024	307.35	295.15	309.90	295.15	1.14 times
07 Tue May 2024	297.55	305.55	306.30	295.75	0.86 times
06 Mon May 2024	305.20	316.00	316.10	304.00	0.651 times
03 Fri May 2024	313.80	322.00	323.15	310.80	1.373 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 310.7, but if it comes below 310.7, then a intra day sell could be more profitable.
If you take a sell trade below 310.7, then use 310.7 as stoploss and 304.13 as target. However if you take a buy trade in stock , then use 310.7 as stoploss and 318.5 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	222.50
Downside Target	255.60
Downside Target	262.20
Downside Target	284.55
Downside Target	291.20
Downside Target	303.65
Downside Target	312.00
Upside Target	313.25
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	297.95
Downside Intraday Target	283.75
Upside Intraday Target	319.8
Upside Intraday Target	327.45
Downside Intraday Target	305.6

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	312.15	299.40	313.25	291.40	0.824 times
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

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
16 Thu May 2024	312.15	310.50	323.15	291.40	0.354 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

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 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 305.58 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 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.