Petronet Monthly ChartGiven that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
Gasdistribution
Petronet ATH breakoutPetronet among gas distribution brokeout all time high. Gas distribution sector also gave trendline breakout. Fundamentals of Petronet is also good. OPM has been steadily increasing over past 4 quarters along with net profit and eps. Stellar ROE record over 10Y period
Gas Distribution BreakoutCustom index created by top M.cap companies in gas distribution sector with Adani total gas, GAIL, Gujgas, IGL, Petronet.
Trendline breakout. Petronet already made ATH.
