'Once up, Petronet LNG should see good move'

ET Now caught up with Deepak Mohoni, Director, trendwatchindia.com, to get his views on the outlook of Petronet LNG.

Volumes for Petronet LNG seem to be fading a bit today, but is it a bullish buy from the charts?

It has picked up a good amount of momentum lately and it is continuing on the uptrend. Not too many stocks are getting to their 4-5 months' highs or better. It is down slightly today but I do not expect too much downside here. The stop loss is quite tight anyway. Once it starts going up, there should be a reasonable move ahead.