Petronet LNG – Technical Analysis, Support and Resistance

The stock PETRONET is showing a strong bullish trend after breaking out of its long consolidation range of ₹270–300. The stock is currently trading at ₹329.80 up 2.92% in the latest session. It has moved above its previous resistance zone near ₹320–325 supported by strong buying interest and rising volume. The stock is also trading above its key moving averages indicating positive momentum. Support & Resistance: Immediate support is around ₹320–315. Below this, the next support zone is ₹305–300. On the upside ₹330–335 is the immediate resistance area, followed by ₹340–350. Short-Term Buyers & Holders View: Fresh buying may be considered after a sustained close above ₹335 with strong volume. Existing holders should monitor the ₹315 support zone. A breakdown below this level may lead to short-term profit booking.