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 Petronet LNG Ltd 

* PETRONET has been showing tremendous resilience despite the prevailing negativity.

* Fresh breakout from its 2-month long consolidation phase, supported with a decent rise in volume.

* Considering its chart pattern, we expect that the ongoing momentum will continue.

* We thus suggest initiating fresh longs as per the given levels.

Buy Petronet LNG Ltd @ BUY CMP236.70; Range 232-235; SL227; Target 248

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