Petronet LNG shares fall 0.17% as Nifty gains
Shares of Petronet LNG Ltd NSE -0.20 %. slipped 0.17 per cent to Rs 200.6 in Monday’s trade. It hit a high of Rs 201.8 and low of Rs 199.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 213.09, while the 50-DMA was at Rs 210.55. 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.
