Traders call: Buy Petronet LNG for target of Rs 65

MUMBAI: Arihant Capital Markets is bullish on Petronet LNG and has recommended traders to buy the stock for target of Rs 65.

���The 14 days moving average of Petronet LNG is at Rs 51. On the daily charts, the stock is in buy on RSI and its 14-days RSI is currently at Rs 89 (above 50 is consider to be in strong hands). Petronet is looking strong on daily chart and has formed a symmetrical triangle pattern on EOD chart. One can buy Petronet LNG at Rs 55.50 with closing below stop loss of Rs 49 for a target price of Rs 65,��� said Arihant Capital Markets report.