Petronet LNG Ltd. shares up 2.24% as Nifty gains
Shares of Petronet LNG NSE -0.37 % Ltd. gained 2.24 per cent to Rs 246.05 in Tuesday’s trade. It hit a high of Rs 248.7 and low of Rs 242.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 244.48, while the 50-DMA was at Rs 254.05. 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.
