December 17, 2017

Bseindia code: 532522

Nseindia code: PETRONET

52 week HIGH/LOW: 179.75/122.25

Industry: Oil Marketing & Distribution

 

Technical view: Here another pick up for long term PETRONET LNG spotted on very causal level near resistance and support trend line and trading at 200days EMA. Strong indicate it will bounce back to 175/95 level in coming 4 to 5 trading month while strong support at 148 to 140 level. If trading below 156 level then it will go down to 148/140 level that buying opportunity with stop loss 124 for target above 195 on long period.

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