Shares of Petronet LNG Ltd NSE 1.08 %. gained 0.79 per cent to Rs 228.65 in Monday’s trade. It hit a high of Rs 228.65 and low of Rs 225.4 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 209.79. 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.
