PETRONET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | PETRONET | Market Cap | 40,927 Cr. | Current Price | 273 ₹ | High / Low | 326 ₹ |
| Stock P/E | 10.6 | Book Value | 145 ₹ | Dividend Yield | 3.66 % | ROCE | 23.4 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 275 ₹ | DMA 200 | 283 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -0.51 % | PAT Qtr | 1,338 Cr. | PAT Prev Qtr | 848 Cr. |
| RSI | 50.0 | MACD | -1.68 | Volume | 20,70,094 | Avg Vol 1Wk | 24,02,676 |
| Low price | 235 ₹ | High price | 326 ₹ | PEG Ratio | 1.82 | Debt to equity | 0.11 |
| 52w Index | 41.2 % | Qtr Profit Var | 25.0 % | EPS | 25.6 ₹ | Industry PE | 21.5 |
📊 Chart Analysis: PETRONET trades at ₹273, slightly below its 50 DMA (₹275) and 200 DMA (₹283), showing mild technical weakness. RSI at 50.0 is neutral, while MACD at -1.68 indicates mild bearish momentum. Bollinger Bands suggest consolidation with price hovering around the mid-range. Current volume (20,70,094) is slightly below the weekly average (24,02,676), reflecting moderate participation.
📈 Momentum Signals: Short-term momentum is neutral to slightly bearish, supported by price weakness below moving averages and negative MACD. RSI suggests balance between buyers and sellers, with limited upside unless price breaks above resistance.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹265–₹275 (near support levels)
- 📉 Stop-Loss: ₹255 (below recent support)
- 🚀 Exit Zone: ₹285–₹295 (near 200 DMA resistance)
🔎 Trend Status: The stock is currently consolidating between ₹265–₹295. A breakout above ₹295 could trigger bullish momentum, while a drop below ₹255 may signal reversal to weakness.
Positive
- 📌 EPS at ₹25.6, showing strong earnings per share.
- 📌 PAT improved from ₹848 Cr. to ₹1,338 Cr., reflecting profitability growth.
- 📌 ROCE (23.4%) and ROE (18.7%), showing solid capital efficiency.
- 📌 Dividend yield at 3.66%, attractive for income investors.
- 📌 FII holding increased (+0.83%), reflecting foreign investor confidence.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing technical weakness.
- ⚠️ RSI neutral, indicating lack of strong momentum.
- ⚠️ PEG ratio at 1.82, suggesting valuation slightly ahead of growth.
- ⚠️ DII holding decreased (-0.51%), showing weaker domestic institutional support.
Company Negative News
- ❌ DII holding decreased (-0.51%), reflecting reduced domestic institutional confidence.
Company Positive News
- ✅ Quarterly profit variation improved (+25.0%), showing operational strength.
- ✅ EPS at ₹25.6, reflecting strong earnings base.
Industry
- 🏭 Industry PE at 21.5, higher than PETRONET’s P/E (10.6), suggesting undervaluation relative to peers.
- 🏭 Energy and LNG sector demand supported by rising consumption and government focus on clean energy initiatives.
Conclusion
📌 PETRONET is consolidating with neutral technical signals and strong fundamentals. Entry near ₹265–₹275 offers favorable risk-reward, with resistance at ₹285–₹295 as the next target. Long-term investors may benefit from its undervaluation relative to industry and strong dividend yield, while short-term traders should watch MACD and resistance levels for potential breakout opportunities.
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