Petronet LNG shares fall 2.02% as Nifty gains
Shares of Petronet LNG Ltd. slipped 2.02 per cent to Rs 203.6 in Friday’s trade. It hit a high of Rs 209.05 and low of Rs 203.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 219.44, while the 50-DMA was at Rs 204.89. 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.
