PETRONET - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.6

Here’s a detailed technical breakdown of Petronet LNG Ltd. (₹293) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bearish and possibly reversing

Price Action: Trading below both 50-DMA (₹304) and 200-DMA (₹309) — signals downward pressure.

RSI (36.8): Weak momentum, nearing oversold zone.

MACD (-0.84): Negative crossover — confirms bearish sentiment.

Volume: Slightly above 1-week average — suggests active selling pressure.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 304 Bearish (Price < DMA)

200-DMA 309 Bearish (Price < DMA)

📉 Momentum Indicators

RSI: 36.8 — bearish, but approaching reversal territory.

MACD: Negative — confirms downtrend.

Bollinger Bands: Price likely near lower band — potential support zone forming.

🔍 Volume Trends

Current Volume: 26.71 lakh

1W Avg Volume: 22.82 lakh

Interpretation: Higher volume during decline — indicates strong bearish conviction.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 285

Support 2 270 (52W Low)

Resistance 1 304 (50-DMA)

Resistance 2 309 (200-DMA)

Resistance 3 320

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹270–₹285 (if RSI stabilizes)

Exit Zone: ₹304–₹309 (near DMA resistance)

Stop Loss: ₹265 (below 52W low)

🧭 Conclusion

Trend: Bearish with potential for short-term bounce

Momentum: Weak, but oversold signals emerging

Recommendation: Cautious approach — wait for RSI reversal and MACD flattening. Ideal for contrarian entry near ₹270 with tight stop loss.

You can explore live technical charts and signals on TradingView’s Petronet LNG page or Investing.com’s technical dashboard

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