Go long on Petronet LNG with target of 170: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors (Technical Check), shares his views on various stocks.

ET Now: What is your call on Petronet LNG?

CK Narayan: Petronet LNG has been hovering on the fringes of an upside breakout but has not really done so. It seems to be revving up again. 163 is the current price. I would recommend the long position at the current level using a stop at about 158-159 which have been the recent swing lows. Look for a target of at least about 170 plus.