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Price and trend forecast of GIPCL for Tomorrow, Weekly, Monthly

Gujarat Industries Power Company Limited

Symbol: NSE:GIPCL

ISIN: INE162A01010

179.25

As on 2024-04-16

74.05 (52W Low) 237.50 (52W High)

GIPCL's Today's Performance

Gujarat Industries Power Company Limited started the day by opening at 179.40 today 2024-04-16. Its shares reached a high of 182.40 and dipped to a low of 177.00 in intraday. When the markets closed, GIPCL’s stock price settled at ₹179.25 per share. Also check out its key support and resistance levels.

GIPCL Buy/Sell Targets

Tomorrow, buy GIPCL when its price reaches ₹ 179.25 with a stop-loss order at ₹ 175.77. You can set the target price as ₹ 182.73 to capture potential gains. This buy 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 support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GIPCL

Resistance Levels Value in ₹
Tomorrow Resistance 1 182
Tomorrow Resistance 2 185
Tomorrow Resistance 3 188

Important Supports for GIPCL

Support Levels Value in ₹
Tomorrow Support 1 177
Tomorrow Support 2 174
Tomorrow Support 3 171
Based on where the stock opens tomorrow, if GIPCL opens on a positive note, our first target will be ₹182. If Target 1 is achieved, we will aim for Target 2 which is ₹185.

But if GIPCL falls below the average value of ₹179.55, you can enter a sell side position with target number 1 - ₹177 and second target - ₹174 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 Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GIPCL is moderate bearish.

Tomorrow's Volume based share price Forecast for GIPCL

GIPCL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 133%.

Reversal detection for GIPCL

Predicted trend chart of GIPCL tomorrow for price forecast
GIPCL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹179 in morning tomorrow
Target 1 tomorrow182
Target 2 tomorrow183
Target 3 tomorrow185
 

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 ₹182.10. If Target 1 is achieved, we will aim for Target 2 which is ₹184.95.

But if GIPCL falls below the average value of ₹179.55, you can enter a sell side position with target number 1 - ₹176.70 and second target - ₹174.15

GIPCL's Weekly Targets
1st Up Target 184.15
2nd Up Target 189.05
1st Down Target 174.00
2nd Down Target 168.75

As the week for GIPCL ended on bearish sentiments, we can expect further continuation of this sentiment. GIPCL's initial target will be 184.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 174.00 in the upcoming week.

Weekly OHLC Values
Open 181.15
High 183.80
Low 173.65
Close 179.25

Week for GIPCL started with an open price of 181.15, and the close was at 179.25. GIPCL reached the highest of 183.80 and dipped lowest up to 173.65 last week. This indicates a bearish sentiment for the week.

GIPCL full month swing targets
Monthly Up Target 1 194.30
Monthly Up Target 2 199.20
Monthly Down Target 1 163.85
Monthly Down Target 2 148.45

Targets of ₹194.30 can be expected to be reached in the coming month. Once GIPCL achieved this target, we can aim for the next upside target of ₹199.20.

GIPCL if fails to hold upside, down targets of ₹163.85 and ₹148.45 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 182.10 in tomorrow's trading session.

After achieving the initial target in GIPCL, we will aim for higher targets of 184.95 tomorrow.

However, if GIPCL starts to trade below ₹179.55, then we will shift our focus to the sell side and aim for down targets of 176.70 and 174.15.