2024-12-12 10:42:46 am | Source: Religare Broking Ltd
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking
Petronet LNG Ltd
* Day's price action in PETRONET demonstrates a breakout above its falling channel.
* The stock, for an instance, consolidated around the 100 EMA and has created a base at the 200 DEMA, bouncing back from the same.
* Recommendation: We maintain a short-term buy on PETRONET with pre-emptive momentum to gain post-breakout.
* Traders are recommended to accumulate the stock maintaining 355 level as the first target.
Buy Petronet LNG Ltd CMP 341.5 Range 340-342 SL 334 Target 355
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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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