The short-term outlook for Petronet LNG is bullish. The stock has been in an uptrend since mid-November this year. Though the pace of rise has slowed down recently, the uptrend remains intact. A cluster of supports exists in the ₹340-₹335 region. The stock has been hovering above this support zone over the last few days. A fall below ₹335 looks less likely. Moving average cross-overs on the daily chart also strengthens the bullish case. Petronet LNG’s share price can rise to ₹375. Traders can go long now at ₹346. Accumulate on dips at ₹340. Keep the stop-loss at ₹332. Trail the stop-loss up to ₹351 as soon as the stock goes up to ₹357. Move the stop-loss further up to ₹360 when the price goes up to ₹365. Exit the long positions at ₹370.

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(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)