Petronet's long term set up is positive: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com in an interview with ET Now talks about Petronet stocks.

What is the call on Petronet?

Petronet used to get past 183-185. The long term charts are very very good over there. That is a stock which I have been watching. But, last 2-3 attempts it has petered out at 183-184 levels. So we have got some short term intraday tops being formed around those levels.

So, once it gets past those levels, you would see momentum coming back into the stock. The long term set up is positive. So I would probably then play for a target of 200.