Buy Petronet LNG: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, gives his views to ET Now on Petronet LNG .

Ahead of results tomorrow, Petronet LNG on the charts?

Petronet LNG could not get past those 175-180 zone and it has corrected. Any stock which outperformed in a bear market made new highs, has a right to correct like we saw with Jubilant, etc., so this stock has corrected. 150, it has found good support.

Now around these levels, I would like to buy it because this is a stock where chances are very few losers, so comparatively it is much easier to take it up, maybe towards 185 that has crossed even to 215 if a move really starts here because this was an outperformer and post this kind of consolidation, chances are it could resume its move.