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(PETRONET) Petronet Lng complete technical analysis [charts+indicators] | Buy/Sell Petronet Lng | (PETRONET) share price targets

Complete technical analysis of Petronet Lng (PETRONET) by charts plus indicators, forecast predictions and share price targets for Petronet Lng (PETRONET)

10 day averaged volume of Petronet Lng is 5983389

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 297.35 295.70 298.80 291.60 1.523 times
30 Thu May 2024 293.85 296.95 299.10 292.60 0.614 times
29 Wed May 2024 297.15 295.15 299.85 294.00 0.606 times
28 Tue May 2024 296.40 302.00 302.50 295.25 0.472 times
27 Mon May 2024 301.75 305.40 306.10 298.80 1.549 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 297.5, but if it comes above 297.5, then a intra day buy could be more profitable.
If you take a sell trade below 297.5, then use 297.5 as stoploss and 290.2 as target. However if you take a buy trade in stock , then use 297.5 as stoploss and 303.56 as target.

Share price targets for Petronet Lng (PETRONET)

Target Type Value
Downside Target 222.50
Downside Target 255.60
Downside Target 262.20
Downside Target 284.55
Downside Target 291.40
Upside Target 302.60
Upside Target 306.10
Upside Target 316.10
Upside Target 316.20
Upside Target 318.75
Upside Target 320.20
Upside Target 323.15

Intraday share price targets for Petronet Lng (PETRONET)

Target Type Value
Downside Intraday Target 290.6
Downside Intraday Target 283.85
Upside Intraday Target 305.1
Upside Intraday Target 312.85
Upside Intraday Target 298.35

Weekly technical analysis of Petronet Lng (PETRONET)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 297.35 305.40 306.10 291.60 0.91 times
24 Fri May 2024 305.40 314.00 316.20 302.60 1.256 times
17 Fri May 2024 312.20 299.40 320.20 291.40 1.086 times
10 Fri May 2024 299.65 316.00 316.10 293.15 0.563 times
03 Fri May 2024 313.80 312.00 323.15 303.65 1.067 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Petronet Lng (PETRONET)

Date Monthly Closing Price Open High Low Volume
31 Fri May 2024 297.35 310.50 323.15 291.40 0.704 times
30 Tue Apr 2024 310.55 263.55 318.75 262.20 2.216 times
28 Thu Mar 2024 263.20 273.45 294.00 256.30 0.496 times
29 Thu Feb 2024 273.45 270.00 296.45 255.60 0.929 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Petronet Lng (PETRONET)

Indicator Name Indicator Value Indicator Signal
ADX 14, 21, 19 Sell
MACD 3, 6Sell
Stochastics 13Sell
CCI -87Buy
RSI 47Sell
OBV -14066716Sell
VWAP 303Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Petronet Lng ( (PETRONET) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Petronet Lng stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Petronet Lng in short term but the sell signal is initial and weak.

Petronet Lng Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Petronet Lng in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Petronet Lng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 303.48 and Petronet Lng (PETRONET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Petronet Lng (PETRONET) stock. Volume based technical analysis of Petronet Lng (PETRONET) stock is negative.

Petronet Lng Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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