Petronet LNG Ltd. shares falls 0.93% as Nifty drops
Shares of Petronet LNG NSE 0.81 % Ltd. slipped 0.93 per cent to Rs 233.25 in Wednesday’s trade. It hit a high of Rs 234.9 and low of Rs 227.75 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 249.42, while the 50-DMA was at Rs 251.52. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
