Petronet LNG a strong stock: Ashwani Gujral, Market Strategist
Generally the gas stocks - IGL, Petronet - have done well.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about United Spirits and Petronet LNG.
On the charts, United Spirits and Petronet LNG, have you looked at the charts?
Petronet LNG has remained a strong stock. It has fallen today but 105 is a fairly strong support here and probably one that may hold on. Generally these gas stocks - IGL, Petronet - have done well. The United Spirits seems to be in some kind of trouble and may be it is getting clubbed with the corporate governance type of stocks. So may be next target here is around 825-830. On the upside, it now faces a resistance around 1060
On the charts, United Spirits and Petronet LNG, have you looked at the charts?
Petronet LNG has remained a strong stock. It has fallen today but 105 is a fairly strong support here and probably one that may hold on. Generally these gas stocks - IGL, Petronet - have done well. The United Spirits seems to be in some kind of trouble and may be it is getting clubbed with the corporate governance type of stocks. So may be next target here is around 825-830. On the upside, it now faces a resistance around 1060
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