Shares of Petronet LNG NSE -1.51 % Ltd. slipped 0.33 per cent to Rs 227.85 in Monday’s trade. It hit a high of Rs 230.15 and low of Rs 227.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 231.19, while the 50-DMA was at Rs 229.65. 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.
