Buy Petronet LNG Ltd For Target Rs. 240 - Religare Broking
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Petronet LNG Ltd
* Petronet has been consolidating in a broader range for the last four years
* It has recently surpassed the hurdle of previous swing high with noticeable surge in volumes.
* The chart pattern combined with the confirmation indicators are also pointing towards positive momentum to continue.
* We thus suggest initiating fresh longs as per the mentioned levels.
Buy Petronet LNG Ltd @ BUY CMP 230.70; Range 226-228; SL222; Target 240
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