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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 2024-09-23 View latest technical analysis

10 day averaged volume of Petronet Lng is 3511320

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	331.55	327.00	335.85	326.00	1.09 times
20 Fri Sep 2024	325.00	325.70	327.20	321.50	1.764 times
19 Thu Sep 2024	322.85	333.15	333.95	319.80	1.516 times
18 Wed Sep 2024	332.50	334.00	335.80	330.15	0.512 times
17 Tue Sep 2024	334.15	336.00	338.30	330.50	1.189 times
16 Mon Sep 2024	336.10	335.00	338.10	333.45	0.849 times
13 Fri Sep 2024	334.85	342.90	343.00	334.10	0.662 times
12 Thu Sep 2024	342.80	338.10	343.35	337.65	0.712 times
11 Wed Sep 2024	335.45	342.50	343.10	334.10	0.667 times
10 Tue Sep 2024	340.70	343.40	346.20	339.50	0.82 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 332, but if it comes above 332, then a intra day buy could be more profitable.
If you take a sell trade below 332, then use 332 as stoploss and 312.9 as target. However if you take a buy trade in stock , then use 332 as stoploss and 348.02 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	253.40
Downside Target	291.40
Downside Target	319.80
Upside Target	334.05
Upside Target	350.50
Upside Target	352.40
Upside Target	361.05
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	326.42
Downside Intraday Target	321.28
Upside Intraday Target	336.27
Upside Intraday Target	340.98
Downside Intraday Target	331.13

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	331.55	327.00	335.85	326.00	0.187 times
20 Fri Sep 2024	325.00	335.00	338.30	319.80	1.397 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

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
23 Mon Sep 2024	331.55	369.00	372.25	319.80	0.727 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 331.86 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.