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Technicals for Petronet LNG Limited
By MusingTheNews
2025-05-30 20:51
Overall Technical outlook
Price Summary
Petronet LNG Limited's stock saw a -2.13% crash, showcasing an poor market day. On 2025-05-30, Petronet LNG Limited's stock began at 314.0, peaked at 315.7, bottomed at 306.0, and closed -2.13% down at 307.3, with a volume of 4724944 shares. The stock's highest price over the 52-week span is 381.2, while the lowest price is 275.85. According to 31 analysts, the price of PETRONET in the future is projected to be between 235.0 and 400.0, with an average expected price of 321.8387.
Technicals
Support and Resistance: The price of 307.3 is supported at 304.2 and capped by resistance at 314.9. These levels mark key points for Petronet LNG Limited where the price could find stability, with 304.2 as a floor and 314.9 as a ceiling. Support/Resistance for PETRONET
Aroon: AROON is currently reflecting a strong bearish trend, with Aroon Down moving higher and the Aroon Oscillator remaining low for PETRONET. This combination suggests that the downward trend is likely to persist, indicating sustained bearish momentum. The low reading of the Aroon Oscillator suggests further weakness. Aroon chart for Petronet LNG Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Petronet LNG Limited
Parabolic SAR: The PSAR has just reversed from bullish to bearish, signaling a potential trend change. If this move is confirmed by other indicators, it could indicate a strong bearish trend. Investors should be cautious and watch for further signs of a market downturn before acting. Parabolic Stop and Reverse chart for Petronet LNG Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Petronet LNG Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for Petronet LNG Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Petronet LNG Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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