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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.

10 day averaged volume of Petronet Lng is 12507096

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	308.65	304.40	312.00	303.80	0.697 times
25 Thu Apr 2024	302.60	299.95	303.80	297.80	0.51 times
24 Wed Apr 2024	298.95	296.00	302.45	291.20	0.797 times
23 Tue Apr 2024	295.40	299.40	300.95	294.40	0.522 times
22 Mon Apr 2024	297.95	303.05	305.35	295.65	0.533 times
19 Fri Apr 2024	300.15	297.00	304.00	294.35	0.504 times
18 Thu Apr 2024	302.00	310.00	318.75	299.50	0.916 times
16 Tue Apr 2024	308.00	300.10	313.65	299.50	1.107 times
15 Mon Apr 2024	305.00	300.30	311.90	295.25	0.954 times
12 Fri Apr 2024	305.45	303.00	315.20	302.90	1.512 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 305.2, but if it comes below 305.2, then a intra day sell could be more profitable.
If you take a sell trade below 305.2, then use 305.2 as stoploss and 289.88 as target. However if you take a buy trade in stock , then use 305.2 as stoploss and 323.5 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Target	200.75
Downside Target	222.50
Downside Target	255.60
Downside Target	269.90
Downside Target	277.20
Downside Target	284.55
Downside Target	294.00
Downside Target	294.35
Downside Target	296.45
Upside Target	312.00
Upside Target	315.20
Upside Target	318.75

Intraday share price targets for Petronet Lng (PETRONET)

Target Type	Value
Downside Intraday Target	295.9
Downside Intraday Target	283.15
Upside Intraday Target	316.7
Upside Intraday Target	324.75
Downside Intraday Target	303.95

Weekly technical analysis of Petronet Lng (PETRONET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	308.65	303.05	312.00	291.20	0.879 times
19 Fri Apr 2024	300.15	300.30	318.75	294.35	0.707 times
12 Fri Apr 2024	305.45	278.00	315.20	277.20	2.141 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

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
26 Fri Apr 2024	308.65	263.55	318.75	262.20	2.027 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, and volume has increased substantially. This means that the move can 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 303.33 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.