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MTF Stock Pick Buy Petronet LNG Ltd For Target Rs. 245 - HDFC Securities 

TECHNICAL OBSERVATIONS

* PETRONET is trying to bounce back from the support.

* Stock has been forming a triangle and end it is trying to completing the “wave e” of the triangle.

* RSI is showing positive sign and yet to move up in coming days.

* Stock price could move up towards 260 and higher levels.

* We could keep the targets little lower to 235 and 245 levels.

* We are recommending to buy the stock at CMP and average at 212 with the stop loss of 209 for above said targets of 235 – 245 levels.

Buy Petronet LNG Ltd Up to 3 Months @ Buying Range 219.50-212 CMP 219.50 TGT 245 SL 209

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