rsptraders2017

Petronet LNG in BUY Zone !!

Long
NSE:PETRONET   PETRONET LNG
* Near 52 week low
* 2nd Largest company in Industrial Gases & Fuels Sector
* Although quarterly sales has fallen by 12%
* fundamentals are decent not so bad
* accumulation range is (180-200)
* might take 2-3 months to consolidate in this range and then recover.
* pure technical entry at this range

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