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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 2024-06-12 View latest technical analysis

10 day averaged volume of Petronet Lng is 6576722

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	320.60	318.00	326.00	316.85	1.594 times
11 Tue Jun 2024	315.25	306.90	316.50	304.15	1.603 times
10 Mon Jun 2024	302.75	302.00	307.15	301.15	0.308 times
07 Fri Jun 2024	301.25	297.55	303.00	297.00	0.611 times
06 Thu Jun 2024	302.40	295.00	307.00	291.50	0.855 times
05 Wed Jun 2024	287.75	279.00	288.95	271.75	0.746 times
04 Tue Jun 2024	277.90	317.00	317.00	253.40	1.982 times
03 Mon Jun 2024	316.75	309.30	317.70	302.25	1.4 times
31 Fri May 2024	297.35	295.70	298.80	291.60	1.386 times
30 Thu May 2024	293.85	296.95	299.10	292.60	0.559 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 314.3, but if it comes below 314.3, then a intra day sell could be more profitable.
If you take a sell trade below 314.3, then use 314.3 as stoploss and 304.06 as target. However if you take a buy trade in stock , then use 314.3 as stoploss and 326.5 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	253.40
Downside Target	262.20
Downside Target	291.40
Downside Target	306.10
Downside Target	316.20
Downside Target	317.70
Downside Target	318.75
Downside Target	320.20
Upside Target	323.15
Upside Target	326.00

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	305.83
Downside Intraday Target	291.07
Upside Intraday Target	330.68
Upside Intraday Target	340.77
Downside Intraday Target	315.92

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	320.60	302.00	326.00	301.15	0.626 times
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

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
12 Wed Jun 2024	320.60	309.30	326.00	253.40	0.451 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 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.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY signal for Petronet Lng in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Petronet Lng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 302.2 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.