PETRONET - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

📊 Technical Analysis Summary

• Trend Status: Consolidating with mild bullish bias
• Current Price: ₹281
• RSI (52.7): Neutral — balanced momentum
• MACD (0.78): Slightly positive — early bullish signal
• Volume: Below average (17.1L vs 34.4L) — low conviction
• DMA 50/200: Price at 50 DMA and below 200 DMA — mixed trend signals
• Bollinger Bands: Price near mid-band — no breakout yet

📈 Entry & Exit Zones

• Support Levels: ₹275 / ₹266 / ₹250
• Resistance Levels: ₹294 / ₹310 / ₹330
• Optimal Entry: ₹275–₹280 (on dip near support)
• Exit Target: ₹310–₹330 (if breakout above 200 DMA)

✅ Positive

• Attractive valuation — P/E (11.6) well below industry average (19.9)
• Strong ROCE (26.2%) and ROE (21.4%) — efficient capital use
• Healthy dividend yield (3.56%) — income-generating potential

⚠️ Limitation

• Price below 200 DMA — long-term trend still weak
• Volume significantly below average — lack of strong buying interest
• PEG ratio of 2.25 — growth may be priced in

📉 Company Negative News

• Quarterly PAT dropped from ₹1,070 Cr to ₹851 Cr — 25.5% decline
• FII holding declined by 1.01% — foreign investor caution

📈 Company Positive News

• DII holding increased by 0.79% — domestic investor support
• EPS of ₹24.2 and low debt-to-equity (0.14) — solid financials

🏢 Industry

• PETRONET operates in the energy and LNG infrastructure sector — essential and regulated
• Industry P/E is 19.9 — PETRONET trades at a discount
• Sector benefits from long-term energy demand and government infrastructure push

🧾 Conclusion

• PETRONET is currently consolidating with early signs of bullish reversal
• Entry near ₹275 may offer upside toward ₹310–₹330 if volume and momentum improve
• Attractive for value investors with a medium-term horizon and income focus