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

Gujarat State Petronet Limited

Symbol: NSE:GSPL

ISIN: INE246F01010

332.20

As on 2024-07-26

254.50 (52W Low) 406.75 (52W High)

GSPL's Today's Performance

Gujarat State Petronet Limited started the day by opening at 330.00 today 2024-07-26. Its shares reached a high of 334.00 and dipped to a low of 323.95 in intraday. When the markets closed, GSPL’s stock price settled at ₹332.20 per share. Also check out its key support and resistance levels.

GSPL Buy/Sell Targets

Tomorrow, buy GSPL when its price reaches ₹ 332.20 with a stop-loss order at ₹ 326.71. You can set the target price as ₹ 337.69 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 GSPL 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 GSPL

Downside Targets Value in ₹
Tomorrow Down Target 1 336
Tomorrow Down Target 2 340
Tomorrow Down Target 3 346

Important Levels for GSPL

Holding Levels Value in ₹
Tomorrow Up Target 1 326
Tomorrow Up Target 2 320
Tomorrow Up Target 3 316
Based on where the stock opens tomorrow, if GSPL opens on a positive note, our first target will be ₹336. If Target 1 is achieved, we will aim for Target 2 which is ₹340.

But if GSPL falls below the average value of ₹330.05, you can enter a sell side position with target number 1 - ₹326 and second target - ₹320 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 GSPL

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

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

Tomorrow's Volume based share price Forecast for GSPL

GSPL'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 48%.

Reversal detection for GSPL

Predicted trend chart of GSPL tomorrow for price forecast
GSPL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹327 in morning tomorrow
Target 1 tomorrow334
Target 2 tomorrow336
Target 3 tomorrow340
 

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 GSPL'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 GSPL opens on a positive note, our first target will be ₹336.15. If Target 1 is achieved, we will aim for Target 2 which is ₹340.10.

But if GSPL falls below the average value of ₹330.05, you can enter a sell side position with target number 1 - ₹326.10 and second target - ₹320.00

GSPL's Weekly Targets
1st Up Target 341.57
2nd Up Target 350.93
1st Down Target 315.27
2nd Down Target 298.33

As the week for GSPL ended on bullish sentiments, we can expect further continuation of this sentiment. GSPL's initial target will be 341.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 315.27 in the upcoming week.

Weekly OHLC Values
Open 312.75
High 334.00
Low 307.70
Close 332.20

Week for GSPL started with an open price of 312.75, and the close was at 332.20. GSPL reached the highest of 334.00 and dipped lowest up to 307.70 last week. This indicates a bullish sentiment for the week.

GSPL full month swing targets
Monthly Up Target 1 367.87
Monthly Up Target 2 377.23
Monthly Down Target 1 288.97
Monthly Down Target 2 245.73

Targets of ₹367.87 can be expected to be reached in the coming month. Once GSPL achieved this target, we can aim for the next upside target of ₹377.23.

GSPL if fails to hold upside, down targets of ₹288.97 and ₹245.73 can be achieved by end of this month.

For complete three weeks if GSPL 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 GSPL

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TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

GSPL is expected to reach the target of 336.15 in tomorrow's trading session.

After achieving the initial target in GSPL, we will aim for higher targets of 340.10 tomorrow.

However, if GSPL starts to trade below ₹330.05, then we will shift our focus to the sell side and aim for down targets of 326.10 and 320.00.