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

Gujarat Pipavav Port Limited

Symbol: NSE:GPPL

ISIN: INE517F01014

208.40

As on 2024-04-24

105.15 (52W Low) 225.35 (52W High)

GPPL's Today's Performance

Gujarat Pipavav Port Limited started the day by opening at 208.85 today 2024-04-24. Its shares reached a high of 211.40 and dipped to a low of 207.10 in intraday. When the markets closed, GPPL’s stock price settled at ₹208.40 per share. Also check out its key support and resistance levels.

GPPL Buy/Sell Targets

Tomorrow, buy GPPL when its price reaches ₹ 208.40 with a stop-loss order at ₹ 204.81. You can set the target price as ₹ 211.99 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 GPPL 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 GPPL

Downside Targets Value in ₹
Tomorrow Down Target 1 211
Tomorrow Down Target 2 213
Tomorrow Down Target 3 215

Important Levels for GPPL

Holding Levels Value in ₹
Tomorrow Up Target 1 207
Tomorrow Up Target 2 205
Tomorrow Up Target 3 202
Based on where the stock opens tomorrow, if GPPL opens on a positive note, our first target will be ₹211. If Target 1 is achieved, we will aim for Target 2 which is ₹213.

But if GPPL falls below the average value of ₹208.97, you can enter a sell side position with target number 1 - ₹207 and second target - ₹205 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 GPPL

Looking at GPPL, 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, GPPL has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for GPPL

GPPL'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 65%.

Reversal detection for GPPL

Predicted trend chart of GPPL tomorrow for price forecast
GPPL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹208 in morning tomorrow
Target 1 tomorrow211
Target 2 tomorrow212
Target 3 tomorrow213
 

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 GPPL'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 GPPL opens on a positive note, our first target will be ₹210.83. If Target 1 is achieved, we will aim for Target 2 which is ₹213.27.

But if GPPL falls below the average value of ₹208.97, you can enter a sell side position with target number 1 - ₹206.53 and second target - ₹204.67

GPPL's Weekly Targets
1st Up Target 214.60
2nd Up Target 220.80
1st Down Target 202.40
2nd Down Target 196.40

As the week for GPPL ended on bullish sentiments, we can expect further continuation of this sentiment. GPPL's initial target will be 214.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 202.40 in the upcoming week.

Weekly OHLC Values
Open 207.00
High 214.80
Low 202.60
Close 208.40

Week for GPPL started with an open price of 207.00, and the close was at 208.40. GPPL reached the highest of 214.80 and dipped lowest up to 202.60 last week. This indicates a bullish sentiment for the week.

GPPL full month swing targets
Monthly Up Target 1 226.80
Monthly Up Target 2 233.00
Monthly Down Target 1 190.20
Monthly Down Target 2 172.00

Targets of ₹226.80 can be expected to be reached in the coming month. Once GPPL achieved this target, we can aim for the next upside target of ₹233.00.

GPPL if fails to hold upside, down targets of ₹190.20 and ₹172.00 can be achieved by end of this month.

For complete three weeks if GPPL 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.

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Summary

GPPL is expected to reach the target of 210.83 in tomorrow's trading session.

After achieving the initial target in GPPL, we will aim for higher targets of 213.27 tomorrow.

However, if GPPL starts to trade below ₹208.97, then we will shift our focus to the sell side and aim for down targets of 206.53 and 204.67.