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Stock of the day : Petronet LNG Ltd For Target Rs. 352 - Religare Broking
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Petronet LNG Ltd
* Decent traction is seen in PETRONET; day price action reflects a rigid bounce from 100 DEMA, and additional follow-on is seen.
* Recently, stock is continuously trading above its support trend line, and also a breakout above the resistance trend line is witnessed.
* Post breakout, the stock sustained the levels, keeping the bullish setup intact.
* Traders are recommended to accumulate the stock for further upside towards 352 as the first target.
Buy Petronet LNG Ltd CMP 340.35 Range 339-341 SL 334 Target 352
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SEBI Registration number is INZ000174330
