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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 2024-06-05 View latest technical analysis

10 day averaged volume of Petronet Lng is 7472118

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	287.75	279.00	288.95	271.75	0.657 times
04 Tue Jun 2024	277.90	317.00	317.00	253.40	1.744 times
03 Mon Jun 2024	316.75	309.30	317.70	302.25	1.232 times
31 Fri May 2024	297.35	295.70	298.80	291.60	1.22 times
30 Thu May 2024	293.85	296.95	299.10	292.60	0.492 times
29 Wed May 2024	297.15	295.15	299.85	294.00	0.485 times
28 Tue May 2024	296.40	302.00	302.50	295.25	0.378 times
27 Mon May 2024	301.75	305.40	306.10	298.80	1.24 times
24 Fri May 2024	305.40	307.60	308.10	303.70	0.696 times
23 Thu May 2024	308.35	305.00	312.90	302.60	1.662 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 292.9, but if it comes above 292.9, then a intra day buy could be more profitable.
If you take a sell trade below 292.9, then use 292.9 as stoploss and 281.7 as target. However if you take a buy trade in stock , then use 292.9 as stoploss and 302.17 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	253.40
Downside Target	262.20
Upside Target	291.40
Upside Target	302.60
Upside Target	306.10
Upside Target	316.10
Upside 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	254.87
Downside Intraday Target	221.98
Upside Intraday Target	319.17
Upside Intraday Target	350.58
Downside Intraday Target	286.28

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	287.75	309.30	317.70	253.40	0.953 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 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
05 Wed Jun 2024	287.75	309.30	317.70	253.40	0.205 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 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 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Petronet Lng in short term and the sell signal is strong.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Petronet Lng in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 298.45 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.