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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 2024-04-04 View latest technical analysis

10 day averaged volume of Petronet Lng is 5135883

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	275.75	284.05	285.90	273.00	1.117 times
03 Wed Apr 2024	282.85	273.50	287.65	272.60	2.19 times
02 Tue Apr 2024	272.80	267.40	273.50	265.90	0.818 times
01 Mon Apr 2024	265.40	263.55	269.05	262.20	0.82 times
28 Thu Mar 2024	263.20	264.50	268.40	261.05	0.83 times
27 Wed Mar 2024	263.75	266.70	269.90	263.05	0.573 times
26 Tue Mar 2024	265.55	259.35	268.80	257.75	1.708 times
22 Fri Mar 2024	259.35	258.65	261.25	256.30	0.81 times
21 Thu Mar 2024	258.65	261.05	263.65	257.35	1.011 times
20 Wed Mar 2024	261.75	263.80	264.30	257.70	0.459 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 279.6 as stoploss in an intra day sell trade for a target of 270.19. However, stock will show a bullish move above 279.6.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	200.75
Downside Target	222.50
Downside Target	255.60
Upside Target	280.30
Upside Target	283.30
Upside Target	284.55
Upside Target	287.65
Upside Target	294.00
Upside Target	296.45

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	262.75
Downside Intraday Target	249.75
Upside Intraday Target	288.2
Upside Intraday Target	300.65
Downside Intraday Target	275.2

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	275.75	263.55	287.65	262.20	1.59 times
28 Thu Mar 2024	263.20	259.35	269.90	257.75	0.891 times
22 Fri Mar 2024	259.35	264.80	266.30	256.30	0.733 times
15 Fri Mar 2024	264.35	281.30	283.30	258.05	1.145 times
07 Thu Mar 2024	281.65	282.00	294.00	280.30	0.72 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Petronet Lng (PETRONET)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	275.75	263.55	287.65	262.20	0.299 times
28 Thu Mar 2024	263.20	273.45	294.00	256.30	0.496 times
29 Thu Feb 2024	273.45	270.00	296.45	255.60	0.929 times
31 Wed Jan 2024	269.10	223.00	284.55	222.50	1.554 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 to mid 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 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 Strong 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 tired and bears are picking up momentum.

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 SELL signal for Petronet Lng in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 269.26 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 negative.

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