PETRONET LNG LTDLong
6.5-year consolidation period breakout with high volume
Fundamental Highlights:
Market Capitalization: ₹37,020 crore
Price-to-Earnings Ratio (P/E): 10.9
Return on Capital Employed (ROCE): 26.6%
Return on Equity (ROE): 22.8%
3-year Sales/PAT Compound Annual Growth Rate (CAGR): 19%, 6%
Technical Analysis:
Since October '17, the price has exhibited sideways movement.
A breakout has occurred this week, surpassing both trendline and horizontal resistance levels, accompanied by a notable increase in volumes.
The Commodity Channel Index (CCI) is displaying a bullish trend on the weekly chart.
Relative Strength (RS) is on the rise and is poised to turn bullish on the weekly timeframe soon.
Market Capitalization: ₹37,020 crore
Price-to-Earnings Ratio (P/E): 10.9
Return on Capital Employed (ROCE): 26.6%
Return on Equity (ROE): 22.8%
3-year Sales/PAT Compound Annual Growth Rate (CAGR): 19%, 6%
Technical Analysis:
Since October '17, the price has exhibited sideways movement.
A breakout has occurred this week, surpassing both trendline and horizontal resistance levels, accompanied by a notable increase in volumes.
The Commodity Channel Index (CCI) is displaying a bullish trend on the weekly chart.
Relative Strength (RS) is on the rise and is poised to turn bullish on the weekly timeframe soon.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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