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Technicals for Petronet LNG Limited
By MusingTheNews
2026-02-03 20:51
Overall Technical outlook
Price Summary
Petronet LNG Limited's stock, on 2026-02-03 opened at 293.1, climbed to a high of 298.95, dropped to a low of 287.6, and closed up 1.47% at 297.4, with 4445001 shares traded. The stock reached its highest price of 321.75 and its lowest price of 264.7 during the 52-week period. Analysts' predictions indicate that PETRONET's future price will be between 225.0 and 400.0, with a mean price expectation of approximately 317.12903.
Technicals
Support and Resistance: The current price of 297.4 for PETRONET is supported at 296.0 and faces resistance at 296.0. These levels indicate that 296.0 could act as a floor, while 296.0 might limit any further price increases. Support/Resistance for PETRONET
Aroon: Aroon's bullish trend persists, with Aroon Up holding steady at the 100 level. This shows strong momentum, but further exploration using additional indicators is necessary to confirm the trend's durability and potential future direction. Aroon chart for Petronet LNG Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for PETRONET, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Petronet LNG Limited
Parabolic SAR: The PSAR for PETRONET continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Petronet LNG Limited
Stochastic: The STOCHASTIC 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. Stochastic chart for Petronet LNG Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that this bearish momentum might be fading. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Petronet LNG Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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