Stock Information Portal

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

Gujarat State Fertilizers & Chemicals Limited

Symbol: NSE:GSFC

ISIN: INE026A01025

249.50

As on 2024-04-24

122.95 (52W Low) 322.25 (52W High)

GSFC's Today's Performance

Gujarat State Fertilizers & Chemicals Limited started the day by opening at 240.15 today 2024-04-24. Its shares reached a high of 251.35 and dipped to a low of 240.00 in intraday. When the markets closed, GSFC’s stock price settled at ₹249.50 per share. Also check out its key support and resistance levels.

GSFC Buy/Sell Targets

Tomorrow, buy GSFC when its price reaches ₹ 249.50 with a stop-loss order at ₹ 243.85. You can set the target price as ₹ 255.15 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 GSFC 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 GSFC

Downside Targets Value in ₹
Tomorrow Down Target 1 254
Tomorrow Down Target 2 258
Tomorrow Down Target 3 265

Important Levels for GSFC

Holding Levels Value in ₹
Tomorrow Up Target 1 243
Tomorrow Up Target 2 236
Tomorrow Up Target 3 231
Based on where the stock opens tomorrow, if GSFC opens on a positive note, our first target will be ₹254. If Target 1 is achieved, we will aim for Target 2 which is ₹258.

But if GSFC falls below the average value of ₹246.95, you can enter a sell side position with target number 1 - ₹243 and second target - ₹236 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 GSFC

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

Based on this, the predicted sentiment for GSFC is strong bullish.

Tomorrow's Volume based share price Forecast for GSFC

GSFC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 129%.

Reversal detection for GSFC

Predicted trend chart of GSFC tomorrow for price forecast
GSFC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹240 in morning tomorrow
Target 1 tomorrow251
Target 2 tomorrow254
Target 3 tomorrow258
 

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 GSFC'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 GSFC opens on a positive note, our first target will be ₹253.90. If Target 1 is achieved, we will aim for Target 2 which is ₹258.30.

But if GSFC falls below the average value of ₹246.95, you can enter a sell side position with target number 1 - ₹242.55 and second target - ₹235.60

GSFC's Weekly Targets
1st Up Target 258.65
2nd Up Target 267.80
1st Down Target 233.05
2nd Down Target 216.60

As the week for GSFC ended on bullish sentiments, we can expect further continuation of this sentiment. GSFC's initial target will be 258.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 233.05 in the upcoming week.

Weekly OHLC Values
Open 226.90
High 251.35
Low 225.75
Close 249.50

Week for GSFC started with an open price of 226.90, and the close was at 249.50. GSFC reached the highest of 251.35 and dipped lowest up to 225.75 last week. This indicates a bullish sentiment for the week.

GSFC full month swing targets
Monthly Up Target 1 284.25
Monthly Up Target 2 293.40
Monthly Down Target 1 207.45
Monthly Down Target 2 165.40

Targets of ₹284.25 can be expected to be reached in the coming month. Once GSFC achieved this target, we can aim for the next upside target of ₹293.40.

GSFC if fails to hold upside, down targets of ₹207.45 and ₹165.40 can be achieved by end of this month.

For complete three weeks if GSFC 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 GSFC

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

GSFC is expected to reach the target of 253.90 in tomorrow's trading session.

After achieving the initial target in GSFC, we will aim for higher targets of 258.30 tomorrow.

However, if GSFC starts to trade below ₹246.95, then we will shift our focus to the sell side and aim for down targets of 242.55 and 235.60.