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Technicals for Petronet LNG Limited
By MusingTheNews
2025-04-25 20:49
Overall Technical outlook
Price Summary
On 2025-04-25, Petronet LNG Limited's stock opened at 313.65, reached a high of 315.35, dropped to a low of 305.1, and closed lower -1.36% at 309.4, with a trading volume of 3282870 shares. The stock's highest price in the past 52 weeks is 381.2, while its lowest price during the same period is 275.85. The future price of PETRONET is projected to range from 235.0 to 400.0, with an average expected price of 321.8387, according to 31 analysts.
Technicals
Support and Resistance: At 309.4, the price is supported at 304.2 and faces resistance at 314.9. This range suggests that the price for PETRONET might stay between these levels, with 304.2 acting as a floor and 314.9 as a ceiling. Support/Resistance for PETRONET
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for Petronet LNG Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for PETRONET, with no strong trend emerging. Bolinger Bands chart for Petronet LNG Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Petronet LNG Limited
Stochastic: The stochastic indicator for PETRONET shows the K-line falling below the D-line, while remaining above 80, suggesting a possible beginning of a bearish price move. This configuration may indicate that the market's upward momentum is losing steam, potentially leading to a downward trend. Traders should watch closely for further confirmation of this shift. Stochastic chart for Petronet LNG Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Petronet LNG Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Petronet LNG Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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