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

GTPL Hathway Limited

Symbol: NSE:GTPL

ISIN: INE869I01013

164.98

As on 2024-07-24

129.55 (52W Low) 217.80 (52W High)

GTPL's Today's Performance

GTPL Hathway Limited started the day by opening at 161.55 today 2024-07-24. Its shares reached a high of 166.69 and dipped to a low of 160.73 in intraday. When the markets closed, GTPL’s stock price settled at ₹164.98 per share. Also check out its key support and resistance levels.

GTPL Buy/Sell Targets

Tomorrow, buy GTPL when its price reaches ₹ 164.98 with a stop-loss order at ₹ 162.83. You can set the target price as ₹ 167.13 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 GTPL 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 GTPL

Downside Targets Value in ₹
Tomorrow Down Target 1 168
Tomorrow Down Target 2 170
Tomorrow Down Target 3 174

Important Levels for GTPL

Holding Levels Value in ₹
Tomorrow Up Target 1 162
Tomorrow Up Target 2 158
Tomorrow Up Target 3 156
Based on where the stock opens tomorrow, if GTPL opens on a positive note, our first target will be ₹168. If Target 1 is achieved, we will aim for Target 2 which is ₹170.

But if GTPL falls below the average value of ₹164.13, you can enter a sell side position with target number 1 - ₹162 and second target - ₹158 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 GTPL

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

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

Tomorrow's Volume based share price Forecast for GTPL

GTPL'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 127%.

Reversal detection for GTPL

Predicted trend chart of GTPL tomorrow for price forecast
GTPL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹162 in morning tomorrow
Target 1 tomorrow166
Target 2 tomorrow168
Target 3 tomorrow170
 

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 GTPL'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 GTPL opens on a positive note, our first target will be ₹167.54. If Target 1 is achieved, we will aim for Target 2 which is ₹170.09.

But if GTPL falls below the average value of ₹164.13, you can enter a sell side position with target number 1 - ₹161.58 and second target - ₹158.17

GTPL's Weekly Targets
1st Up Target 167.71
2nd Up Target 170.44
1st Down Target 161.23
2nd Down Target 157.48

As the week for GTPL ended on bullish sentiments, we can expect further continuation of this sentiment. GTPL's initial target will be 167.71 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 161.23 in the upcoming week.

Weekly OHLC Values
Open 163.25
High 166.69
Low 160.21
Close 164.98

Week for GTPL started with an open price of 163.25, and the close was at 164.98. GTPL reached the highest of 166.69 and dipped lowest up to 160.21 last week. This indicates a bullish sentiment for the week.

GTPL full month swing targets
Monthly Up Target 1 174.19
Monthly Up Target 2 176.92
Monthly Down Target 1 154.75
Monthly Down Target 2 144.52

Targets of ₹174.19 can be expected to be reached in the coming month. Once GTPL achieved this target, we can aim for the next upside target of ₹176.92.

GTPL if fails to hold upside, down targets of ₹154.75 and ₹144.52 can be achieved by end of this month.

For complete three weeks if GTPL 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

GTPL is expected to reach the target of 167.54 in tomorrow's trading session.

After achieving the initial target in GTPL, we will aim for higher targets of 170.09 tomorrow.

However, if GTPL starts to trade below ₹164.13, then we will shift our focus to the sell side and aim for down targets of 161.58 and 158.17.