Long Term Trend: Strong
AI Indicator Strength: 55.0%
StockPETRONET
Current Price₹288.70
Short Term Trend
Strong Upward
Trend: Strong
¼ Long Term Trend Structure
- Price above EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 63.14
- Mild negative bias
MACD: Weak Bearish
¼ MACD Observation
- Weak negative MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Strong
📊 PETRONET Stock Strength & Risk Analysis
✅ Positive Factors
- Consistent higher highs affirm structural bull dominance.
❌ Risk Factors
- Short-term momentum shows mild cooling, but the primary trend remains strictly bullish.
📌 Market Outlook
Choppy sideways action is expected until a definitive range breakout occurs.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹260.20
₹257.60
₹255.00
🔴 Resistance Zones
₹294.10
₹297.04
₹299.98
PETRONET Price Action: Immediate buying interest for PETRONET has historically emerged around the ₹260.2 mark. If the stock faces selling pressure, this zone acts as the first line of defense. Conversely, the primary hurdle for an upward rally is positioned at ₹294.10. Breaking past this resistance could signal a fresh leg of bullish momentum.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 236.02 |
| 38.2% | 264.34 |
| 50.0% | 287.23 |
| 61.8% | 310.11 |
| 78.6% | 342.69 |
Structural Pullbacks: With PETRONET trading in the upper half of its 52-week range, upper support floors like the 23.6% level at ₹236.02 act as immediate breakout retest zones. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where PETRONET might find fresh buying interest.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 286.57 | SMA5 | 289.08 |
| EMA9 | 282.79 | SMA9 | 280.03 |
| EMA20 | 278.10 | SMA20 | 276.38 |
| EMA50 | 276.08 | SMA50 | 274.96 |
| EMA100 | 277.51 | SMA100 | 280.21 |
| EMA200 | 281.58 | SMA200 | 279.05 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Weak Bearish: -1 🔴
🔴
• Total Score: 1
🔴
• Confidence Score: 55.00%
🔴
Total Score: 1
Technical Indicator Strength: 55.0%
- Strong alignment in behavior
- AI Confidence Score: 55.0%
👉 Market appears neutral
📊 MACD Backtested Signals (Historical)
| Date |
Signal |
Close |
T+1 Open |
T+1 High |
T+1 Low |
T+1 Change |
T+5 High |
T+5 Low |
T+5 Change |
Strength |
Confidence |
Strategy |
| 2026-06-02 |
Bearish |
269.00 |
269.80 |
272.75 |
266.55 |
1.20% |
1.09 |
272.90 |
265.35% |
1.36 |
1.45 |
22.47 27.07 Success |
| 2026-05-25 |
Bullish |
282.25 |
280.90 |
282.00 |
277.15 |
0.39% |
1.33 |
282.00 |
266.85% |
-0.09 |
5.46 |
21.56 32.13 Success |
| 2026-05-12 |
Bearish |
271.15 |
273.50 |
274.10 |
269.20 |
1.57% |
0.22 |
274.65 |
260.20% |
4.04 |
1.29 |
15.34 40.08 Success |
| 2026-04-08 |
Bullish |
270.41 |
268.00 |
272.60 |
262.50 |
1.72% |
2.05 |
274.55 |
259.00% |
1.53 |
4.22 |
89.52 68.30 Success |
| 2026-03-04 |
Bearish |
280.00 |
279.00 |
295.00 |
278.00 |
0.36% |
5.73 |
296.65 |
273.95% |
2.16 |
5.95 |
100.00 76.52 Success |
| 2026-02-18 |
Bullish |
304.00 |
303.95 |
307.00 |
300.30 |
1.00% |
1.20 |
316.25 |
300.30% |
4.03 |
1.22 |
9.19 34.40 Success |
| 2026-02-16 |
Bearish |
294.70 |
294.15 |
297.00 |
292.35 |
0.61% |
0.97 |
308.85 |
292.35% |
0.80 |
4.80 |
19.21 33.28 Success |
| 2026-01-29 |
Bullish |
296.00 |
293.90 |
295.30 |
288.30 |
0.48% |
1.91 |
302.35 |
281.00% |
2.15 |
5.07 |
46.44 53.00 Success |
| 2026-01-14 |
Bearish |
286.25 |
286.25 |
286.25 |
286.25 |
0.00% |
0.00 |
290.30 |
269.90% |
5.71 |
1.41 |
0.16 37.75 No Trade |
| 2025-12-19 |
Bullish |
273.85 |
274.00 |
276.75 |
273.65 |
1.00% |
0.13 |
284.05 |
273.65% |
3.72 |
0.07 |
18.65 31.96 Success |
| 2025-12-09 |
Bearish |
269.25 |
269.80 |
272.00 |
268.95 |
0.32% |
0.82 |
272.25 |
263.50% |
2.14 |
1.11 |
12.14 22.43 Success |
| 2025-12-04 |
Bullish |
280.95 |
280.90 |
280.95 |
273.70 |
0.02% |
2.56 |
280.95 |
266.50% |
0.00 |
5.14 |
24.17 30.87 Success |
| 2025-11-06 |
Bearish |
275.00 |
274.95 |
279.70 |
274.05 |
0.33% |
1.73 |
283.45 |
271.50% |
1.27 |
3.07 |
23.02 29.67 Success |
| 2025-10-29 |
Bullish |
283.75 |
283.75 |
283.75 |
280.80 |
0.00% |
1.04 |
286.35 |
274.00% |
0.92 |
3.44 |
21.91 27.78 No Trade |
| 2025-10-28 |
Bearish |
277.85 |
277.00 |
284.35 |
276.80 |
0.07% |
2.65 |
286.35 |
276.80% |
0.38 |
3.06 |
7.53 17.42 Success |
| 2025-10-24 |
Bullish |
281.05 |
282.20 |
282.35 |
279.10 |
0.05% |
1.10 |
284.35 |
276.80% |
1.17 |
1.51 |
2.90 13.88 Success |
| 2025-10-17 |
Bearish |
275.60 |
276.10 |
279.45 |
275.30 |
0.29% |
1.21 |
283.00 |
275.30% |
0.11 |
2.69 |
16.58 19.00 Success |
| 2025-09-30 |
Bullish |
278.80 |
278.95 |
280.75 |
273.90 |
0.65% |
1.81 |
290.25 |
273.75% |
4.11 |
1.81 |
35.43 46.34 Success |
| 2025-09-25 |
Bearish |
270.20 |
270.20 |
270.40 |
266.10 |
1.52% |
0.07 |
280.75 |
266.10% |
1.52 |
3.90 |
14.52 35.61 Success |
| 2025-08-20 |
Bullish |
280.15 |
280.60 |
281.80 |
277.50 |
0.43% |
1.10 |
281.80 |
267.90% |
0.59 |
4.37 |
43.03 40.06 Success |
Interpreting Historical MACD Data: The table above presents backtested historical performance of MACD crossover signals for PETRONET. By analyzing past T+1 to T+5 day price movements following a MACD buy or sell signal, traders can gauge the historical reliability and expected volatility of the current signal.