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

GPT Infraprojects Limited

Symbol: NSE:GPTINFRA

ISIN: INE390G01014

188.25

As on 2024-04-24

47.30 (52W Low) 208.05 (52W High)

GPTINFRA's Today's Performance

GPT Infraprojects Limited started the day by opening at 172.80 today 2024-04-24. Its shares reached a high of 199.70 and dipped to a low of 169.00 in intraday. When the markets closed, GPTINFRA’s stock price settled at ₹188.25 per share. Also check out its key support and resistance levels.

GPTINFRA Buy/Sell Targets

Tomorrow, buy GPTINFRA when its price reaches ₹ 188.25 with a stop-loss order at ₹ 180.46. You can set the target price as ₹ 196.04 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 GPTINFRA 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 GPTINFRA

Downside Targets Value in ₹
Tomorrow Down Target 1 202
Tomorrow Down Target 2 216
Tomorrow Down Target 3 233

Important Levels for GPTINFRA

Holding Levels Value in ₹
Tomorrow Up Target 1 172
Tomorrow Up Target 2 155
Tomorrow Up Target 3 141
Based on where the stock opens tomorrow, if GPTINFRA opens on a positive note, our first target will be ₹202. If Target 1 is achieved, we will aim for Target 2 which is ₹216.

But if GPTINFRA falls below the average value of ₹185.65, you can enter a sell side position with target number 1 - ₹172 and second target - ₹155 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 GPTINFRA

Looking at GPTINFRA, we've seen a Increasing 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, GPTINFRA has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GPTINFRA is moderate bullish.

Tomorrow's Volume based share price Forecast for GPTINFRA

GPTINFRA's Volume is currently in a Increasing 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 -54%.

Reversal detection for GPTINFRA

Predicted trend chart of GPTINFRA tomorrow for price forecast
GPTINFRA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹173 in morning tomorrow
Target 1 tomorrow197
Target 2 tomorrow205
Target 3 tomorrow216
 

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 GPTINFRA'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 GPTINFRA opens on a positive note, our first target will be ₹202.30. If Target 1 is achieved, we will aim for Target 2 which is ₹216.35.

But if GPTINFRA falls below the average value of ₹185.65, you can enter a sell side position with target number 1 - ₹171.60 and second target - ₹154.95

GPTINFRA's Weekly Targets
1st Up Target 202.30
2nd Up Target 216.35
1st Down Target 171.60
2nd Down Target 154.95

As the week for GPTINFRA ended on bullish sentiments, we can expect further continuation of this sentiment. GPTINFRA's initial target will be 202.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 171.60 in the upcoming week.

Weekly OHLC Values
Open 175.00
High 199.70
Low 169.00
Close 188.25

Week for GPTINFRA started with an open price of 175.00, and the close was at 188.25. GPTINFRA reached the highest of 199.70 and dipped lowest up to 169.00 last week. This indicates a bullish sentiment for the week.

GPTINFRA full month swing targets
Monthly Up Target 1 233.00
Monthly Up Target 2 247.05
Monthly Down Target 1 140.90
Monthly Down Target 2 93.55

Targets of ₹233.00 can be expected to be reached in the coming month. Once GPTINFRA achieved this target, we can aim for the next upside target of ₹247.05.

GPTINFRA if fails to hold upside, down targets of ₹140.90 and ₹93.55 can be achieved by end of this month.

For complete three weeks if GPTINFRA 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

GPTINFRA is expected to reach the target of 202.30 in tomorrow's trading session.

After achieving the initial target in GPTINFRA, we will aim for higher targets of 216.35 tomorrow.

However, if GPTINFRA starts to trade below ₹185.65, then we will shift our focus to the sell side and aim for down targets of 171.60 and 154.95.