GSPL: One more BUY push if everything goes good.

Jan 22, 2024

GSPL (Gujarat State P Limited) Technical Analysis: A Week Starting January 23, 2024,

Prognosis - Emphasizing Key Indicators for Short-Term Bull Run"

📊 Overview
Stock: GSPL (Gujarat State Petronet Limited)
Analysis Period: Week starting January 23, 2024
Current Scenario: Bullish Indications Emerging

📈 Technical Indicators Analysis

Parabolic SAR:
🟢 Buy Signal: Detected at ₹306.70
📉 Last Closing: Around ₹344.80

EMA & MA Crossover:
✅ Buy Crossover: Confirmed at ₹322.69
MACD Analysis:
📈 MACD Value: 8.08 nearing 8.30 signal
🌈 Histogram: 0.21 indicating bullish momentum

Stochastics RSI:
📊 K Value: 31.61
📈 D Value: 16.07
🔝 Indicates oversold situation & buying trend

🚀 Percentage R: 22.64 nearing upper band, suggesting strength

Fisher Transform:
🐟 Fisher Value: 0.51
🎯 Trigger Value: 0.98
✅ Indicates a buying crossover

🎯 Price Targets
Target 1: ₹359.75
Target 2: ₹379.00
Long-Term Target: ₹414.50 (Near all-time high)

🛑 Stop Loss and Support Levels
Crucial Support: ₹304.00 (0.5 Fibonacci Level)
Exit Price: ₹295.60 (0.618 Fibonacci Level)

⚠️ Precautions
📰 Market Sensitivity: Stay alert to news in the petroleum sector.
🌐 Broader Market Influence: A positive market trend is crucial.
📉 Risk of Volatility: Be prepared for market fluctuations.




📝 Disclaimer
🚫 This analysis is for informational purposes only and not investment advice.
⚠️ Investing involves risks, including the possibility of loss.
🧐 Investors should perform their own due diligence.



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Jan 25, 2024

Trade active

Target 1 achieved . Hold

Jan 31, 2024

Note

Target to achieved. hold.

Feb 7, 2024

Trade closed: target reached

Target 2 achieved . exit.

Feb 8, 2024

Note

Those who have not exited , can hold as long term target set to break in a coupple of trading sessions. make due diligence