Budget 2012: 5 Stocks to Watch Out
Petronet LNG
Petronet LNG is in a optimistic drift since the last couple of years and the stock is expected to move higher after a little bit of consolidation. The stock has constantly taken strong support at its 200DMA (currently near 158). It can be gathered between 150 and 160 with a stop loss below 138 and a target price of 200. The short term confrontation levels are 174 and 185. On the other hand, a move beyond 185 is likely to take the stock higher up to 200 in the medium term
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