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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 2024-04-09 View latest technical analysis

10 day averaged volume of Petronet Lng is 5224424

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	288.55	282.90	290.20	280.50	1.196 times
08 Mon Apr 2024	281.00	278.00	283.40	277.20	0.638 times
05 Fri Apr 2024	277.65	276.80	278.95	272.80	0.645 times
04 Thu Apr 2024	275.75	284.05	285.90	273.00	1.098 times
03 Wed Apr 2024	282.85	273.50	287.65	272.60	2.153 times
02 Tue Apr 2024	272.80	267.40	273.50	265.90	0.804 times
01 Mon Apr 2024	265.40	263.55	269.05	262.20	0.807 times
28 Thu Mar 2024	263.20	264.50	268.40	261.05	0.816 times
27 Wed Mar 2024	263.75	266.70	269.90	263.05	0.563 times
26 Tue Mar 2024	265.55	259.35	268.80	257.75	1.679 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 288.5, for a target of 278.2 or 269.63

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	200.75
Downside Target	222.50
Downside Target	255.60
Downside Target	277.20
Downside Target	283.30
Downside Target	284.55
Downside Target	287.65
Upside Target	290.20
Upside Target	294.00
Upside Target	296.45

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	280.43
Downside Intraday Target	272.32
Upside Intraday Target	293.43
Upside Intraday Target	298.32
Downside Intraday Target	285.32

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	288.55	278.00	290.20	277.20	0.333 times
05 Fri Apr 2024	277.65	263.55	287.65	262.20	1.801 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

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
09 Tue Apr 2024	288.55	263.55	290.20	262.20	0.452 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 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 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 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 BUY signal in short term and the buying is gaining 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 274.82 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.