Petronet LNG technical analysis

According to the latest Pivot data, Petronet LNG’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹293.05, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹296, ₹300.9, and ₹303.85, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹288.15, ₹285.2, and ₹280.3, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Petronet LNG’s price movement.