Price and trend forecast of GIPCL for Tomorrow, Weekly, Monthly
Gujarat Industries Power Company Limited
Symbol: NSE:GIPCL
ISIN: INE162A01010
225.21
As on 2024-10-17
GIPCL's Today's Performance
Gujarat Industries Power Company Limited started the day by opening at 229.45 today 2024-10-17. Its shares reached a high of 231.60 and dipped to a low of 224.55 in intraday. When the markets closed, GIPCL’s stock price settled at ₹225.21 per share. Also check out its key support and resistance levels.
GIPCL Buy/Sell Targets
Tomorrow, sell GIPCL when its price reaches ₹ 225.21 with a stop-loss order at ₹ 228.65. You can set the target price as ₹ 221.77 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 GIPCL 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 GIPCL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 230 |
| Tomorrow Down Target 2 | 234 |
| Tomorrow Down Target 3 | 237 |
Important Levels for GIPCL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 223 |
| Tomorrow Up Target 2 | 220 |
| Tomorrow Up Target 3 | 216 |
Based on where the stock opens tomorrow, if GIPCL opens on a positive note, our first target will be ₹230. If Target 1 is achieved, we will aim for Target 2 which is ₹234.
But if GIPCL falls below the average value of ₹227.12, you can enter a sell side position with target number 1 - ₹223 and second target - ₹220 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 GIPCL
Looking at GIPCL, 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, GIPCL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GIPCL is moderate bullish.
Tomorrow's Volume based share price Forecast for GIPCL
GIPCL'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 133%.
Reversal detection for GIPCL
GIPCL may trend may continue to be bearish since stock is making lower low and we can get target of ₹230 in morning tomorrow
| Target 1 tomorrow | 230 |
| Target 2 tomorrow | 231 |
| Target 3 tomorrow | 234 |
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 GIPCL'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 GIPCL opens on a positive note, our first target will be ₹229.69. If Target 1 is achieved, we will aim for Target 2 which is ₹234.17.
But if GIPCL falls below the average value of ₹227.12, you can enter a sell side position with target number 1 - ₹222.64 and second target - ₹220.07
GIPCL's Weekly Targets
| 1st Up Target | 233.42 |
| 2nd Up Target | 241.64 |
| 1st Down Target | 220.77 |
| 2nd Down Target | 216.34 |
As the week for GIPCL ended on bearish sentiments, we can expect further continuation of this sentiment. GIPCL's initial target will be 233.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 220.77 in the upcoming week.
Weekly OHLC Values
| Open | 230.69 |
| High | 237.20 |
| Low | 224.55 |
| Close | 225.21 |
Week for GIPCL started with an open price of 230.69, and the close was at 225.21. GIPCL reached the highest of 237.20 and dipped lowest up to 224.55 last week. This indicates a bearish sentiment for the week.
GIPCL full month swing targets
| Monthly Up Target 1 | 246.07 |
| Monthly Up Target 2 | 254.29 |
| Monthly Down Target 1 | 208.12 |
| Monthly Down Target 2 | 191.04 |
Targets of ₹246.07 can be expected to be reached in the coming month. Once GIPCL achieved this target, we can aim for the next upside target of ₹254.29.
GIPCL if fails to hold upside, down targets of ₹208.12 and ₹191.04 can be achieved by end of this month.
For complete three weeks if GIPCL 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 GIPCL
| Symbol | Name | Industry |
|---|---|---|
| NTPC | NTPC Limited | Utilities - Regulated Electric |
| ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
| POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
| ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
| TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
GIPCL is expected to reach the target of 229.69 in tomorrow's trading session.
After achieving the initial target in GIPCL, we will aim for higher targets of 234.17 tomorrow.
However, if GIPCL starts to trade below ₹227.12, then we will shift our focus to the sell side and aim for down targets of 222.64 and 220.07.