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Technical Analyst, Vijay Bhambwani is of the view that one could go long on Petronet LNG for the long-term with three-four quarter timeframe and expect Rs 75 to Rs 80 levels in that timeframe.

“Petronet LNG has been outperforming the market on a relative basis since the last couple of quarters and especially so since first week of December. Rs 34 levels is a short-term stoploss level and for delivery based investors probably Rs 29-30 would be a stop loss level. One could go long for the long-term with three-four quarter timeframe and expect Rs 75-80 levels in that timeframe. For the short-term momentum traders as long as the stock remains above the Rs 34-35 levels one can bet on.”

Source : MoneyControl

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