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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 2024-05-28 View latest technical analysis

10 day averaged volume of Petronet Lng is 6206258

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	296.40	302.00	302.50	295.25	0.455 times
27 Mon May 2024	301.75	305.40	306.10	298.80	1.493 times
24 Fri May 2024	305.40	307.60	308.10	303.70	0.838 times
23 Thu May 2024	308.35	305.00	312.90	302.60	2.001 times
22 Wed May 2024	309.75	310.00	311.10	303.60	1.024 times
21 Tue May 2024	308.60	311.50	316.20	307.00	1.116 times
18 Sat May 2024	313.50	314.00	316.00	312.00	0.069 times
17 Fri May 2024	312.20	314.95	320.20	310.30	0.969 times
16 Thu May 2024	312.15	308.70	313.25	306.35	1.266 times
15 Wed May 2024	307.20	306.95	309.00	303.10	0.515 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 299.9, but if it comes above 299.9, then a intra day buy could be more profitable.
If you take a sell trade below 299.9, then use 299.9 as stoploss and 292 as target. However if you take a buy trade in stock , then use 299.9 as stoploss and 306.4 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	291.40
Upside Target	302.60
Upside Target	306.10
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	292.4
Downside Intraday Target	288.4
Upside Intraday Target	303.25
Upside Intraday Target	310.1
Upside Intraday Target	299.25

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	296.40	305.40	306.10	295.25	0.391 times
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

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
28 Tue May 2024	296.40	310.50	323.15	291.40	0.617 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 neutral. A longer time frame might give a better analysis.

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and selling is picking up 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 307.55 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.