Stock of the day : Petronet LNG�Ltd For Target Rs.305

10-04-2024 11:52 AM | Source: Religare Broking

Stock of the day : Petronet LNG�Ltd For Target Rs.305 - Religare Broking

News By Tags | #PetronetLNGLtd #OilandGasSector #TradingReport #ReligareBrokingLtd

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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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Stock of the day : Petronet LNG�Ltd For Target Rs.305 - Religare Broking

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