2024-12-24 10:54:21 am | Source: Religare Broking Ltd
Stock of the day : Petronet LNG Ltd For Target Rs. 352 - Religare Broking
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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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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