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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 2024-09-17 View latest technical analysis

10 day averaged volume of Petronet Lng is 2660097

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	334.15	336.00	338.30	330.50	1.569 times
16 Mon Sep 2024	336.10	335.00	338.10	333.45	1.12 times
13 Fri Sep 2024	334.85	342.90	343.00	334.10	0.874 times
12 Thu Sep 2024	342.80	338.10	343.35	337.65	0.939 times
11 Wed Sep 2024	335.45	342.50	343.10	334.10	0.88 times
10 Tue Sep 2024	340.70	343.40	346.20	339.50	1.082 times
09 Mon Sep 2024	343.05	348.20	352.40	338.00	1.73 times
06 Fri Sep 2024	354.00	367.00	368.45	352.00	0.789 times
05 Thu Sep 2024	367.20	365.00	370.50	365.00	0.718 times
04 Wed Sep 2024	364.10	354.95	365.00	354.85	1.12 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 342.2, but if it comes above 342.2, then a intra day buy could be more profitable.
If you take a sell trade below 342.2, then use 342.2 as stoploss and 323.9 as target. However if you take a buy trade in stock , then use 342.2 as stoploss and 357.41 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	253.40
Downside Target	291.40
Downside Target	321.20
Downside Target	330.50
Upside Target	350.50
Upside Target	361.05
Upside Target	370.00
Upside Target	372.25
Upside Target	372.80
Upside Target	377.95
Upside Target	384.20

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	330.33
Downside Intraday Target	326.52
Upside Intraday Target	338.13
Upside Intraday Target	342.12
Upside Intraday Target	334.32

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	334.15	335.00	338.30	330.50	0.488 times
13 Fri Sep 2024	334.85	348.20	352.40	334.10	1.293 times
06 Fri Sep 2024	354.00	369.00	372.25	352.00	0.843 times
30 Fri Aug 2024	367.30	372.80	372.80	361.05	0.855 times
23 Fri Aug 2024	370.80	370.00	384.20	370.00	1.387 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
17 Tue Sep 2024	334.15	369.00	372.25	330.50	0.479 times
30 Fri Aug 2024	367.30	371.90	384.20	350.50	0.579 times
31 Wed Jul 2024	368.50	333.00	377.95	321.20	1.003 times
28 Fri Jun 2024	330.25	309.30	334.05	253.40	0.899 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Petronet Lng stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 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 344.08 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.