Petronet LNG shares fall 2.77% as Nifty drops
Shares of Petronet LNG Ltd NSE -0.44 %. slipped 2.77 per cent to Rs 216.2 in Tuesday’s trade. It hit a high of Rs 223.8 and low of Rs 215.8 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 217.76, while the 50-DMA was at Rs 217.23. 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.
