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Petronet share price chart and stock forecast - Stock moving in a range bound zone and finding support around 237.50 - updated for 28th December 2015, Monday


PETRONET LNG

Petronet share price chart indicates that it is moving in a range bound zone technical indicates as long as it moves in between its range trend will be mix with no clear direction, sharp movement can be seen once it comes out from its range bound pattern.

Upper side Petronet will find resistance around 247.50 and support around 237.50.

Suggested reading - Click to see forecast on stocks listed on US stock markets.

Above technical image also indicates that it is finding 20 dma support from bollinger band this indicates as long as stock holds above 20 DMA line bulls will be favored and bears will be favored once it starts trading below 20 DMA.

Stock trend indicator is moving in -ve zone this indicates as long as they stays -ve weakness can be seen in coming days.

On December 24 Petronent LNG share price closed at 240.55.

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