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

GSS Infotech Limited

Symbol: NSE:GSS

ISIN: INE871H01011

132.65

As on 2024-04-16

123.00 (52W Low) 230.95 (52W High)

GSS's Today's Performance

GSS Infotech Limited started the day by opening at 134.60 today 2024-04-16. Its shares reached a high of 134.60 and dipped to a low of 130.25 in intraday. When the markets closed, GSS’s stock price settled at ₹132.65 per share. Also check out its key support and resistance levels.

GSS Buy/Sell Targets

Tomorrow, buy GSS when its price reaches ₹ 132.65 with a stop-loss order at ₹ 129.98. You can set the target price as ₹ 135.33 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 GSS 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 GSS

Resistance Levels Value in ₹
Tomorrow Resistance 1 135
Tomorrow Resistance 2 137
Tomorrow Resistance 3 139

Important Supports for GSS

Support Levels Value in ₹
Tomorrow Support 1 130
Tomorrow Support 2 128
Tomorrow Support 3 126
Based on where the stock opens tomorrow, if GSS opens on a positive note, our first target will be ₹135. If Target 1 is achieved, we will aim for Target 2 which is ₹137.

But if GSS falls below the average value of ₹132.50, you can enter a sell side position with target number 1 - ₹130 and second target - ₹128 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 GSS

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

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

Tomorrow's Volume based share price Forecast for GSS

GSS'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 70%.

Reversal detection for GSS

Predicted trend chart of GSS tomorrow for price forecast
GSS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹132 in morning tomorrow
Target 1 tomorrow134
Target 2 tomorrow135
Target 3 tomorrow137
 

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 GSS'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 GSS opens on a positive note, our first target will be ₹134.75. If Target 1 is achieved, we will aim for Target 2 which is ₹136.85.

But if GSS falls below the average value of ₹132.50, you can enter a sell side position with target number 1 - ₹130.40 and second target - ₹128.15

GSS's Weekly Targets
1st Up Target 135.02
2nd Up Target 137.38
1st Down Target 130.27
2nd Down Target 127.88

As the week for GSS ended on bearish sentiments, we can expect further continuation of this sentiment. GSS's initial target will be 135.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.27 in the upcoming week.

Weekly OHLC Values
Open 135.00
High 135.00
Low 130.25
Close 132.65

Week for GSS started with an open price of 135.00, and the close was at 132.65. GSS reached the highest of 135.00 and dipped lowest up to 130.25 last week. This indicates a bearish sentiment for the week.

GSS full month swing targets
Monthly Up Target 1 139.77
Monthly Up Target 2 142.13
Monthly Down Target 1 125.52
Monthly Down Target 2 118.38

Targets of ₹139.77 can be expected to be reached in the coming month. Once GSS achieved this target, we can aim for the next upside target of ₹142.13.

GSS if fails to hold upside, down targets of ₹125.52 and ₹118.38 can be achieved by end of this month.

For complete three weeks if GSS 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 GSS

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

GSS is expected to reach the target of 134.75 in tomorrow's trading session.

After achieving the initial target in GSS, we will aim for higher targets of 136.85 tomorrow.

However, if GSS starts to trade below ₹132.50, then we will shift our focus to the sell side and aim for down targets of 130.40 and 128.15.