Stock of the day : Petronet LNG Ltd For Target Rs.305 - Religare Broking
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Petronet LNG Ltd
* PETRONET is trading sideways in a range after registering a breakout from the long corrective phase.
* The stock is consolidating above its short term moving average and 38.2 retracement line highlights inherent strength.
* Following price pattern and volumes activity, stock is expected to register a fresh breakout from the range and scale higher.
* We thus recommend creating fresh longs in the mentioned range.
Buy Petronet LNG Ltd CMP 288.55 Range 287-289 SL 280; Target 305
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SEBI Registration number is INZ000174330
