Stock of the day : Buy Petronet LNG Ltd For Target Rs. 315 - Religare Broking
Petronet LNG Ltd
* Petronet has recovered strongly after retesting the support zone of medium term moving average i.e. 100 EMA on weekly chart.
* Forming higher highs for the last one and a half years. Expect to surpass the previous swing high soon.
* The chart pattern and existence of multiple supports are indicating gradual up move from hereon.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Petronet LNG Ltd CMP 229.70; Range 228-230; SL 224; Target 242
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