Petronet LNG Ltd. shares falls 0.95% as Nifty drops
Shares of Petronet LNG NSE 2.70 % Ltd. slipped 0.95 per cent to Rs 240.45 in Wednesday’s trade. It hit a high of Rs 244.2 and low of Rs 240.05 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 245.36, while the 50-DMA was at Rs 251.06. 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.
