GSPL
(Gujarat State P Limited) Technical Analysis: A Week Starting January 23, 2024,
Prognosis - Emphasizing Key Indicators for Short-Term Bull Run"
π Overview
Stock: GSPL (Gujarat State Petronet Limited)
Analysis Period: Week starting January 23, 2024
Current Scenario: Bullish Indications Emerging
π Technical Indicators Analysis
Parabolic SAR:
π’ Buy Signal: Detected at βΉ306.70
π Last Closing: Around βΉ344.80
EMA & MA Crossover:
β Buy Crossover: Confirmed at βΉ322.69
MACD Analysis:
π MACD Value: 8.08 nearing 8.30 signal
π Histogram: 0.21 indicating bullish momentum
Stochastics RSI:
π K Value: 31.61
π D Value: 16.07
π Indicates oversold situation & buying trend
π Percentage R: 22.64 nearing upper band, suggesting strength
Fisher Transform:
π Fisher Value: 0.51
π― Trigger Value: 0.98
β Indicates a buying crossover
π― Price Targets
Target 1: βΉ359.75
Target 2: βΉ379.00
Long-Term Target: βΉ414.50 (Near all-time high)
π Stop Loss and Support Levels
Crucial Support: βΉ304.00 (0.5 Fibonacci Level)
Exit Price: βΉ295.60 (0.618 Fibonacci Level)
β οΈ Precautions
π° Market Sensitivity: Stay alert to news in the petroleum sector.
π Broader Market Influence: A positive market trend is crucial.
π Risk of Volatility: Be prepared for market fluctuations.
π Disclaimer
π« This analysis is for informational purposes only and not investment advice.
β οΈ Investing involves risks, including the possibility of loss.
π§ Investors should perform their own due diligence.
#GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
Prognosis - Emphasizing Key Indicators for Short-Term Bull Run"
π Overview
Stock: GSPL (Gujarat State Petronet Limited)
Analysis Period: Week starting January 23, 2024
Current Scenario: Bullish Indications Emerging
π Technical Indicators Analysis
Parabolic SAR:
π’ Buy Signal: Detected at βΉ306.70
π Last Closing: Around βΉ344.80
EMA & MA Crossover:
β Buy Crossover: Confirmed at βΉ322.69
MACD Analysis:
π MACD Value: 8.08 nearing 8.30 signal
π Histogram: 0.21 indicating bullish momentum
Stochastics RSI:
π K Value: 31.61
π D Value: 16.07
π Indicates oversold situation & buying trend
π Percentage R: 22.64 nearing upper band, suggesting strength
Fisher Transform:
π Fisher Value: 0.51
π― Trigger Value: 0.98
β Indicates a buying crossover
π― Price Targets
Target 1: βΉ359.75
Target 2: βΉ379.00
Long-Term Target: βΉ414.50 (Near all-time high)
π Stop Loss and Support Levels
Crucial Support: βΉ304.00 (0.5 Fibonacci Level)
Exit Price: βΉ295.60 (0.618 Fibonacci Level)
β οΈ Precautions
π° Market Sensitivity: Stay alert to news in the petroleum sector.
π Broader Market Influence: A positive market trend is crucial.
π Risk of Volatility: Be prepared for market fluctuations.
π Disclaimer
π« This analysis is for informational purposes only and not investment advice.
β οΈ Investing involves risks, including the possibility of loss.
π§ Investors should perform their own due diligence.
#GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
Trade active:
Target 1 achieved . Hold
Comment:
Target to achieved. hold.
Trade closed: target reached:
Target 2 achieved . exit.
Comment:
Those who have not exited , can hold as long term target set to break in a coupple of trading sessions. make due diligence