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

Gujarat Gas Limited

Symbol: NSE:GUJGASLTD

ISIN: INE844O01030

636.20

As on 2024-06-13

397.05 (52W Low) 644.10 (52W High)

GUJGASLTD's Today's Performance

Gujarat Gas Limited started the day by opening at 615.50 today 2024-06-13. Its shares reached a high of 644.10 and dipped to a low of 610.90 in intraday. When the markets closed, GUJGASLTD’s stock price settled at ₹636.20 per share. Also check out its key support and resistance levels.

GUJGASLTD Buy/Sell Targets

Tomorrow, buy GUJGASLTD when its price reaches ₹ 636.20 with a stop-loss order at ₹ 621.67. You can set the target price as ₹ 650.73 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 GUJGASLTD 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 GUJGASLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 650
Tomorrow Down Target 2 664
Tomorrow Down Target 3 683

Important Levels for GUJGASLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 617
Tomorrow Up Target 2 597
Tomorrow Up Target 3 584
Based on where the stock opens tomorrow, if GUJGASLTD opens on a positive note, our first target will be ₹650. If Target 1 is achieved, we will aim for Target 2 which is ₹664.

But if GUJGASLTD falls below the average value of ₹630.40, you can enter a sell side position with target number 1 - ₹617 and second target - ₹597 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 GUJGASLTD

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

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

Tomorrow's Volume based share price Forecast for GUJGASLTD

GUJGASLTD's Volume is currently in a Decreasing 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 -5%.

Reversal detection for GUJGASLTD

Predicted trend chart of GUJGASLTD tomorrow for price forecast
GUJGASLTD may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹610 in morning tomorrow
Target 1 tomorrow643
Target 2 tomorrow651
Target 3 tomorrow664
 

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 GUJGASLTD'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 GUJGASLTD opens on a positive note, our first target will be ₹649.90. If Target 1 is achieved, we will aim for Target 2 which is ₹663.60.

But if GUJGASLTD falls below the average value of ₹630.40, you can enter a sell side position with target number 1 - ₹616.70 and second target - ₹597.20

GUJGASLTD's Weekly Targets
1st Up Target 661.20
2nd Up Target 686.20
1st Down Target 594.10
2nd Down Target 552.00

As the week for GUJGASLTD ended on bullish sentiments, we can expect further continuation of this sentiment. GUJGASLTD's initial target will be 661.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 594.10 in the upcoming week.

Weekly OHLC Values
Open 594.80
High 644.10
Low 577.00
Close 636.20

Week for GUJGASLTD started with an open price of 594.80, and the close was at 636.20. GUJGASLTD reached the highest of 644.10 and dipped lowest up to 577.00 last week. This indicates a bullish sentiment for the week.

GUJGASLTD full month swing targets
Monthly Up Target 1 728.30
Monthly Up Target 2 753.30
Monthly Down Target 1 527.00
Monthly Down Target 2 417.80

Targets of ₹728.30 can be expected to be reached in the coming month. Once GUJGASLTD achieved this target, we can aim for the next upside target of ₹753.30.

GUJGASLTD if fails to hold upside, down targets of ₹527.00 and ₹417.80 can be achieved by end of this month.

For complete three weeks if GUJGASLTD 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

GUJGASLTD is expected to reach the target of 649.90 in tomorrow's trading session.

After achieving the initial target in GUJGASLTD, we will aim for higher targets of 663.60 tomorrow.

However, if GUJGASLTD starts to trade below ₹630.40, then we will shift our focus to the sell side and aim for down targets of 616.70 and 597.20.