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GUJARAT STATE PETRONET LTD.GUJARAT STATE PETRONET LTD.GUJARAT STATE PETRONET LTD.

GUJARAT STATE PETRONET LTD.

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GSPL trade ideas

GSPL ANALYSIS-Unveiling a Golden Opportunity: A Debt-Free Gem Today, we delve into the world of a remarkable company that's not only debt-free but also trading near its Fibonacci Golden Ratio. This intriguing stock has shown remarkable resilience, even amidst market downturns, with minimal selling pressure. Market Cap: A substantial Rs 21,787 crore PE Ratio: A modest 13, indicating potential value Government Backing: A significant boost with a recent increase in stake from 2% to 10% Why is this stock worth considering? Financial Strength: Being debt-free provides a strong foundation for future growth and stability. Technical Analysis: Trading near the Fibonacci Golden Ratio suggests potential upside. Government Confidence: The government's increased stake signifies trust in the company's long-term prospects. Resilient Performance: The stock's ability to withstand market volatility is a positive indicator. Disclaimer: Please conduct thorough research or consult with a financial advisor before making any investment decisions. This content is for informational purposes only and does not constitute financial advice.
NSE:GSPLLong
by ayushishri
GSPL - Gujarat State Petronet LtdGujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013. Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. Fundamentals Market Cap - ₹ 24,368 Cr. Promoter holding - 37.6 % FII holding - 15.8 % DII holding - 23.6 % Public holding - 21.0 % Debt - ₹ 140 Cr. Debt 3Years back - ₹ 2,003 Cr. Good to buy at current price and bottom.
NSE:GSPLLong
by isagar_chauhan_
GSPL 1DSwing Trading Strategy: Instrument: Gujarat State Petro Ltd (NSE) Timeframe: Daily Chart (1D) Chart Analysis: The price recently pulled back to a previous resistance level around 408, which is now acting as a support. There is a visible confluence of multiple EMAs (20/50/100/200), which provides a trend-following environment. The stock is showing signs of continuation after a corrective phase, with low volume during the correction (marked as "DEAD VOL"). Entry Criteria: Buy Entry: Enter a long position above 408, as indicated on the chart. The entry is set slightly above the resistance-turned-support level to confirm bullish momentum. Target: Target: The primary target is set around 465. This target is calculated based on the recent swing high, showing a potential upside of approximately 10.94% (marked on the chart). Risk Management: Limit your risk to 1-2% of your trading capital per trade. Calculate your position size accordingly based on the distance between your entry and stop loss. Exit Strategy: Partial Exit: Consider booking partial profits if the price reaches halfway to the target (around 435) and move the stop loss to break even to secure gains. Full Exit: Close the remaining position once the price reaches the target of 465 or shows signs of reversal near that level. Volume Confirmation: Watch for increasing volume as the price approaches the entry level of 408. This would indicate buying interest and confirm the breakout attempt. Additional Notes: Monitor the EMA levels closely. A bullish crossover or the price staying above these EMAs would further strengthen the trade setup. If the price fails to sustain above 408 and falls below the stop loss level, consider the trade invalid and wait for a new setup. This swing trading strategy uses a combination of support and resistance, volume analysis, and EMA confirmation to manage entry and exit, aligning with the chart’s technical indications.
NSE:GSPLLong
by vinitsugandh
Amazing breakout on Weekly TF - GSPLCheckout an amazing breakout happened in the stock in Weekly timeframe. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis. PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in WEEKLY TF. The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward. Checkout an amazing breakout happened in the stock in Weekly timeframe. Wait for weekly close above the breakout level. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. Catching the early birds in the stock market and not everyone (especially retail traders) can do it. The art is investing fixed amount equally in every stock and let the law of numbers work on compounding in the longer run, Example: 5000/- invested equally in all Bo stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flys like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME" The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:GSPLLong
by Yoyohoneysingh93
GSPL READY FOR A BLAST The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources. The stock has been forming an cup and handle pattern on the weekly timeframe . since 2021 the stock was forming this pattern and now it is approaching its final stage if breakout The fundamentals of the stock are quite stagnant but quite decent and the stock is trading below the industry PE of 18 , its other counterpart petronet LNG is also progressing at pretty solid pace TARGET 1 - 560 WITHIN 3-4 MONTHS
NSE:GSPLLong
by keshavmaharaj958
GSPL_Long_only support levels to Buy_SIPGSPL - a PSU, MCAP>₹ 17,000 Cr., IV>850 (really worthy to buy at low levels), RoE>18, RoCE>26, Less Debt, PEG<1, OPM>19%, (Investments+Reserves) = ₹ 10,000 Cr. On Mar 2024, Promoters=37.63%, FII=15.67%, DII=24.74%, Govt=2%, Public=20% As per the golden rule for any PSU with huge stake with FII/DII, its always GO WITH THE FLOW like buy at low levels when PE is low or at periodic/historic support level. Note: High risk involved if FII/DII reduced their stake just like that. Still, GSPL is a potential quality stock for a long term.
NSE:GSPLLong
by Rajesh_roots_108
1
GUJRAT STATE PETRONET LTD. TGT 400-430-472 06-04-2024Gujarat State Petronet Ltd. is an interesting chart with following FUNDAMENTALS : The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources 1. Company is almost debt free. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 22.8% 3. GSPL has planned to undertake capex over the next five years towards the expansion of its existing natural gas pipeline network, laying new spur lines, and capacity augmentation. GSPL has sought approval of the regulator, viz., the PNGRB TECHNICALS: 1. Stock out performing benchmark and sectoral index in both 1 week and 3 months 2. Both SRS and ARS are above zero 3. RSI on all time frames i.e. D/W/M above 60 4. ABCD Pattern under formation on weekly chart 5. Major support 324 - 350 , minor resistance near 390-400 zone above which it will be in all Time high zone 6. Cup and Handle like pattern on daily chart Lets see how it evolves Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:GSPLLong
by rajivrajeev
4
GSPL: One more BUY push if everything goes good.NSE: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. #GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
NSE:GSPLLong
by finogent
Amazing breakout on Weekly / Daily Timeframe - GSPLCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN ANY TIMEFRAME.
NSE:GSPLLong
by Yoyohoneysingh93