Buy Petronet LNG Ltd For Target Rs. 337.00 by Jainam Share Consultants
Petronet LNG Ltd
Buy Petronet LNG Ltd CMP 317.00 Price 317.00 Target 337.00 Stop loss 303.00 Holding Periand 1 Month
* The stock price close at Rs. 317.00 on 02nd MAY, 2025
* Currently the stock has given bullish chart pattern formation which resemble as Double Bottom chart pattern breakout on daily chart. After successfully breaking out above the neckline, it retested the breakout level and is now showing signs of a renewed breakout, indicating continued bullish momentum
* At this point, the price is trading above all of its significant moving averages, indicating bullish momentum. Additionally, the Mometum Indicator RSI is trading above 60 in a positive zone
We expect the stock price to continue its current bullish momentum and head towards 335 337 levels considering the current price action
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
