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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 2024-05-24 View latest technical analysis

10 day averaged volume of Petronet Lng is 5425275

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	305.40	307.60	308.10	303.70	0.958 times
23 Thu May 2024	308.35	305.00	312.90	302.60	2.289 times
22 Wed May 2024	309.75	310.00	311.10	303.60	1.171 times
21 Tue May 2024	308.60	311.50	316.20	307.00	1.277 times
18 Sat May 2024	313.50	314.00	316.00	312.00	0.079 times
17 Fri May 2024	312.20	314.95	320.20	310.30	1.108 times
16 Thu May 2024	312.15	308.70	313.25	306.35	1.448 times
15 Wed May 2024	307.20	306.95	309.00	303.10	0.589 times
14 Tue May 2024	304.20	297.60	305.90	297.55	0.812 times
13 Mon May 2024	297.60	299.40	299.55	291.40	0.64 times

My analysis of stock is bearish for shortterm, and stock might move down till 301.1 or till 293.9. Use a stoploss of 307.17 and if the stock hits stoploss, then it can shoot up till 313.21

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	302.60
Upside Target	312.00
Upside Target	316.10
Upside Target	316.20
Upside Target	318.75
Upside Target	320.20
Upside Target	323.15

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	299.93
Downside Intraday Target	294.47
Upside Intraday Target	313.53
Upside Intraday Target	321.67
Upside Intraday Target	308.07

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	305.40	311.50	316.20	302.60	1.218 times
18 Sat May 2024	313.50	299.40	320.20	291.40	1.105 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

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
24 Fri May 2024	305.40	310.50	323.15	291.40	0.553 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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. Bulls are getting tired and bears are picking up momentum.

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 SELL signal in short term but selling is losing 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 308.19 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 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.