Kulkarni told CNBC-TV18, "The charts of Petronet LNG Ltd were saying that there was chance that the stock would break out, but unfortunately today's trading session has been extremely volatile and the chart structure has been disturbed. I think going forward the stock is expected to trade in a range. On the upside, Rs 170-171 that will be the resistance zone, whereas on the downside support comes in around Rs 163. So a range bound activity is what I would expect over 6-8 trading sessions.
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Petronet LNG has support around Rs 163: Kulkarni
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