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Technicals for Petronet LNG Limited
By MusingTheNews
2025-06-13 20:50
Overall Technical outlook
Price Summary
Petronet LNG Limited's stock saw a 3.76% increase, showcasing an fantastic market day. Petronet LNG Limited's stock, on 2025-06-13 opened at 290.1, climbed to a high of 304.85, dropped to a low of 290.1, and closed up 3.76% at 301.0, with 1328711 shares traded. The peak price for the stock in the past 52 weeks is 381.2, with the lowest price being 275.85. The future price of PETRONET is anticipated to range from 235.0 to 400.0, with an expected mean price of 321.8387, according to the recommendations of 31 analysts.
Technicals
Support and Resistance: With the current price at 301.0, support is found at 290.55 and resistance at 304.2. These levels indicate where buyers might step in at 290.55, while sellers could limit gains at 304.2, defining a trading boundary for Petronet LNG Limited. Support/Resistance for PETRONET
Aroon: The AROON indicator shows a bearish trend, with Aroon Down rising and the Aroon Oscillator reversing. These signals suggest that the stock may be entering a downward trend. The reversal in the Aroon Oscillator could indicate increasing bearish pressure, potentially leading to further declines in stock. Aroon chart for Petronet LNG Limited
Bol. Bands: The price has crossed above the lower Bollinger Band in the latest move, after previously being positioned below it. This shift suggests that the market may be bouncing back from oversold conditions, potentially signaling a weakening of the bearish trend. The crossover could indicate the beginning of a recovery or a change in momentum, with the market possibly entering a more bullish phase. Bolinger Bands chart for Petronet LNG Limited
Parabolic SAR: The PSAR maintains a bearish outlook for PETRONET, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued. Parabolic Stop and Reverse chart for Petronet LNG Limited
Stochastic: The current reading of the STOCHASTIC is neutral for PETRONET, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Stochastic chart for Petronet LNG Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for Petronet LNG Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
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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