Buy Petronet LNG for a target of Rs 245, SL of Rs 222: Religare Broking

Top trading ideas by Religare Broking:

Colgate Palmolive (India) Limited

Rec: BUY 

Last Close: 1144.95

Initiation range: 1135-1145

Target: 1210

Stop loss: 1115

COLPAL has been consolidation in a narrow range while holding above the support zone of 100 EMA on the weekly chart. Today i.e. on Aug 7, it has rebounded swiftly and likely to see a fresh surge in near future. We advise initiating fresh long positions in the given range.

Petronet LNG Limited

Rec: BUY

Last Close: 230.30

Initiation range: 227-230

Target: 245

Stop loss: 222

PETRONET has witnessed fresh breakout of late, after nearly eight months of long corrective phase. Technically, it has also surpassed the resistance zone of multiple