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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 2024-06-07 View latest technical analysis

10 day averaged volume of Petronet Lng is 6647544

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	301.25	297.55	303.00	297.00	0.605 times
06 Thu Jun 2024	302.40	295.00	307.00	291.50	0.846 times
05 Wed Jun 2024	287.75	279.00	288.95	271.75	0.738 times
04 Tue Jun 2024	277.90	317.00	317.00	253.40	1.961 times
03 Mon Jun 2024	316.75	309.30	317.70	302.25	1.385 times
31 Fri May 2024	297.35	295.70	298.80	291.60	1.371 times
30 Thu May 2024	293.85	296.95	299.10	292.60	0.553 times
29 Wed May 2024	297.15	295.15	299.85	294.00	0.545 times
28 Tue May 2024	296.40	302.00	302.50	295.25	0.425 times
27 Mon May 2024	301.75	305.40	306.10	298.80	1.394 times

My analysis of stock is bearish for shortterm, and stock might move down till 293.4 or till 282.4. Use a stoploss of 302.58 and if the stock hits stoploss, then it can shoot up till 311.76

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	253.40
Downside Target	262.20
Downside 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	263.87
Downside Intraday Target	226.48
Upside Intraday Target	328.17
Upside Intraday Target	355.08
Downside Intraday Target	290.78

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	301.25	309.30	317.70	253.40	1.291 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
07 Fri Jun 2024	301.25	309.30	317.70	253.40	0.278 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 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 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 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 losing 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Petronet Lng in short term and BUY 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

Although the stock is in the BUY zone, but buying 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 296.53 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.