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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 2024-09-19 View latest technical analysis

10 day averaged volume of Petronet Lng is 2760497

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	322.85	333.15	333.95	319.80	1.929 times
18 Wed Sep 2024	332.50	334.00	335.80	330.15	0.651 times
17 Tue Sep 2024	334.15	336.00	338.30	330.50	1.512 times
16 Mon Sep 2024	336.10	335.00	338.10	333.45	1.079 times
13 Fri Sep 2024	334.85	342.90	343.00	334.10	0.842 times
12 Thu Sep 2024	342.80	338.10	343.35	337.65	0.905 times
11 Wed Sep 2024	335.45	342.50	343.10	334.10	0.848 times
10 Tue Sep 2024	340.70	343.40	346.20	339.50	1.043 times
09 Mon Sep 2024	343.05	348.20	352.40	338.00	1.667 times
06 Fri Sep 2024	354.00	367.00	368.45	352.00	0.76 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 317.6, for a target of 336.5 or 352.24

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	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	315.67
Downside Intraday Target	308.48
Upside Intraday Target	334.17
Upside Intraday Target	345.48
Upside Intraday Target	326.98

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	322.85	335.00	338.30	319.80	0.975 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
19 Thu Sep 2024	322.85	369.00	372.25	319.80	0.582 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 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 336.42 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.