Stock of the day : Buy Petronet LNG For Target Rs. 245 - Religare Broking Ltd
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Petronet LNG
* Petronet has rebounded strongly after finding support at lower end of rising channel on the weekly chart.
* Forming higher highs for the last ten months. Expect to surpass the previous swing high soon.
* The price action coupled with positive momentum suggests gradual up move from hereon.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Petronet LNG CMP 231.55; Range230-233; SL 226; Target 245
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