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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