Price and trend forecast of GAEL for Tomorrow, Weekly, Monthly
Gujarat Ambuja Exports Limited
Symbol: NSE:GAEL
ISIN: INE036B01030
142.99
As on 2024-09-06
GAEL's Today's Performance
Gujarat Ambuja Exports Limited started the day by opening at 145.80 today 2024-09-06. Its shares reached a high of 147.70 and dipped to a low of 141.40 in intraday. When the markets closed, GAEL’s stock price settled at ₹142.99 per share. Also check out its key support and resistance levels.
GAEL Buy/Sell Targets
Tomorrow, sell GAEL when its price reaches ₹ 142.99 with a stop-loss order at ₹ 145.37. You can set the target price as ₹ 140.62 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of GAEL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for GAEL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 147 |
| Tomorrow Down Target 2 | 150 |
| Tomorrow Down Target 3 | 153 |
Important Levels for GAEL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 140 |
| Tomorrow Up Target 2 | 138 |
| Tomorrow Up Target 3 | 134 |
Based on where the stock opens tomorrow, if GAEL opens on a positive note, our first target will be ₹147. If Target 1 is achieved, we will aim for Target 2 which is ₹150.
But if GAEL falls below the average value of ₹144.03, you can enter a sell side position with target number 1 - ₹140 and second target - ₹138 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of GAEL
Looking at GAEL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, GAEL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GAEL is moderate bullish.
Tomorrow's Volume based share price Forecast for GAEL
GAEL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -30%.
Reversal detection for GAEL
GAEL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹146 in morning tomorrow
| Target 1 tomorrow | 146 |
| Target 2 tomorrow | 148 |
| Target 3 tomorrow | 150 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with GAEL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if GAEL opens on a positive note, our first target will be ₹146.66. If Target 1 is achieved, we will aim for Target 2 which is ₹150.33.
But if GAEL falls below the average value of ₹144.03, you can enter a sell side position with target number 1 - ₹140.36 and second target - ₹137.73
GAEL's Weekly Targets
| 1st Up Target | 149.47 |
| 2nd Up Target | 155.94 |
| 1st Down Target | 138.96 |
| 2nd Down Target | 134.92 |
As the week for GAEL ended on bearish sentiments, we can expect further continuation of this sentiment. GAEL's initial target will be 149.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 138.96 in the upcoming week.
Weekly OHLC Values
| Open | 144.00 |
| High | 151.91 |
| Low | 141.40 |
| Close | 142.99 |
Week for GAEL started with an open price of 144.00, and the close was at 142.99. GAEL reached the highest of 151.91 and dipped lowest up to 141.40 last week. This indicates a bearish sentiment for the week.
GAEL full month swing targets
| Monthly Up Target 1 | 159.98 |
| Monthly Up Target 2 | 166.45 |
| Monthly Down Target 1 | 128.45 |
| Monthly Down Target 2 | 113.90 |
Targets of ₹159.98 can be expected to be reached in the coming month. Once GAEL achieved this target, we can aim for the next upside target of ₹166.45.
GAEL if fails to hold upside, down targets of ₹128.45 and ₹113.90 can be achieved by end of this month.
For complete three weeks if GAEL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as GAEL
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
GAEL is expected to reach the target of 146.66 in tomorrow's trading session.
After achieving the initial target in GAEL, we will aim for higher targets of 150.33 tomorrow.
However, if GAEL starts to trade below ₹144.03, then we will shift our focus to the sell side and aim for down targets of 140.36 and 137.73.