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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 2024-06-03 View latest technical analysis

10 day averaged volume of Petronet Lng is 5983389

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	316.75	309.30	317.70	302.25	1.539 times
31 Fri May 2024	297.35	295.70	298.80	291.60	1.523 times
30 Thu May 2024	293.85	296.95	299.10	292.60	0.614 times
29 Wed May 2024	297.15	295.15	299.85	294.00	0.606 times
28 Tue May 2024	296.40	302.00	302.50	295.25	0.472 times
27 Mon May 2024	301.75	305.40	306.10	298.80	1.549 times
24 Fri May 2024	305.40	307.60	308.10	303.70	0.869 times
23 Thu May 2024	308.35	305.00	312.90	302.60	2.076 times
22 Wed May 2024	309.75	310.00	311.10	303.60	1.062 times
21 Tue May 2024	308.60	311.50	316.20	307.00	1.158 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 318.9, for a target of 310.9 or 304.14

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	255.60
Downside Target	262.20
Downside Target	291.40
Downside Target	306.10
Downside Target	316.10
Downside Target	316.20
Upside Target	317.70
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	306.77
Downside Intraday Target	296.78
Upside Intraday Target	322.22
Upside Intraday Target	327.68
Downside Intraday Target	312.23

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	316.75	309.30	317.70	302.25	0.323 times
31 Fri May 2024	297.35	305.40	306.10	291.60	0.922 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

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
03 Mon Jun 2024	316.75	309.30	317.70	302.25	0.069 times
31 Fri May 2024	297.35	310.50	323.15	291.40	0.704 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

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 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 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 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. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining 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 305.2 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 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.