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GUJARAT STATE PETRO LTDGUJARAT STATE PETRO LTDGUJARAT STATE PETRO LTD

GUJARAT STATE PETRO LTD

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GSPL trade ideas

GSPL: short term spurt expected in pricesWith Parabolic SAR triggering buy signal, we expect the price to hit 298.5 ion a day of two. ⚠️ Keep an eye on the stock for a breach of the Fibonacci level upwards before initiating a long position. Don't forget to place a stop-loss order below the recent swing low to protect your capital 💰. ❗️Disclaimers and Disclosures: This message is for informational purposes only and is not investment advice or a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Always conduct your own due diligence and consult with a professional financial advisor before making any investment decisions.
NSE:GSPLLong
by finogent
GSPL's Weekly Chart: Trendline Breakout, Retest, RSI SupportIn this post, we will conduct an analysis of GSPL's weekly chart, focusing on the breakout of a trendline, the subsequent retest, the RSI indicator, and the potential for a short-term bounce. By examining these technical aspects, we aim to provide insights into the stock's current situation and the potential for upward movement. Let's delve into the analysis and explore the situation. Chart Analysis: Upon reviewing the provided TradingView chart for GSPL, we can observe that the stock has recently experienced a breakout of a trendline on the weekly timeframe. This breakout suggests a potential shift in the stock's trend, indicating a move from a bearish to a bullish market sentiment. Retest and Trendline Support: After a breakout, it is common for the price to retest the broken trendline. In this case, the retest level is around Rs278-Rs280. The retest provides an opportunity for traders to enter the market and confirm the validity of the breakout. A successful retest and subsequent bounce from this level would further strengthen the bullish case for GSPL. RSI Support: In addition to the trendline breakout and retest, we can also observe that the RSI (Relative Strength Index) on the weekly chart is showing support. The RSI is an oscillator that measures the speed and change of price movements. When the RSI reaches oversold levels (typically below 30), it suggests that the stock may be undervalued and due for a potential rebound. Short-Term Bounce Potential: Considering the breakout, retest, and RSI support, there is a potential for a short-term bounce in GSPL's stock price. The bounce could potentially drive the price up to around 310. However, it is important to exercise caution and wait for further confirmation before entering a trade. Daily Chart Confirmation: To ensure a higher probability of success, it is advisable to wait for a complete retest around Rs278-Rs280 on the daily chart. Additionally, traders should wait for a green signal or bullish indication on the daily chart, such as a bullish candlestick pattern or a positive crossover of moving averages, to further validate the potential upward movement. Risk Management: When trading or investing, it is crucial to implement risk management strategies. Setting a stop-loss level helps limit potential losses in case the anticipated bounce does not materialize as expected. In this case, a suggested stop-loss level can be determined based on individual risk tolerance and the support levels on the chart. Conclusion: Based on the technical analysis, GSPL's weekly chart indicates a breakout of a trendline, a retest level around Rs278-Rs280, and RSI support. These factors suggest the potential for a short-term bounce in the stock's price, with a target around 310. However, it is crucial to wait for a complete retest on the daily chart and obtain further confirmation before considering a trade. Traders and investors should consider these technical factors alongside other fundamental and market-related information before making any trading decisions. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions. Disclaimer: The information provided in this blog post is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
NSE:GSPLLong
by yaashul
Gspl price volume action multiple breakout Buy gspl cmp 294 cmp tgt 350-400-450-500 ABOUT Gujarat 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. KEY POINTS Gas Transmission Business The company is the second largest player in terms of gas transmission pipeline network operator in the country with its 2,694 km long pipeline network connecting various cities from Vapi to Jafrabad. GSPL has a well-established network in Gujarat having control over 25 out of 33 districts. During FY20, It commissioned the Pipavav- Gundala pipeline thereby providing natural gas connectivity to Projects at Dahej-SEZ, Gundala, Anjar. User Industries The company is involved in supplying gas to various customers from several industries which includes refineries, steel plants, Power plants, Textile companies, Chemical companies, City Gas Distribution companies, Fertilisers plant, Petrochemical plants, Glass Industries, etc. Product wise Revenue Break up In FY20, The company had ~15% of revenues from transportation of gas through its pipeline network and ~ 84% of revenues from sale of natural gas primarily through its subsidiary Gujarat Gas Ltd. Gujarat Gas Limited (~54% stake) - It is a subsidiary which is India's largest city gas distributor having its presence across 42 districts in the states of Gujarat, Punjab, Haryana, Rajasthan, MP, Maharashtra, Union territory of Dadra and Nagar Haveli. It is supplying gas to more than 14.4 lakhs residential, over 12,600 commercial & non commercial segments and 3,700 industrial customers. It is also supplying natural gas in the form of Compressed Natural Gas through 403 CNG stations catering to the automotive sector in operational areas. It became a subsidiary after the company increased its stake in Gujarat Gas from ~26% to ~54% in FY18. Special Purpose Vehicles The company is implementing cross-country natural gas transmission pipelines through special purpose vehicles i.e. GSPL India Gasnet Ltd and GSPL India Transco Ltd. It holds 52% stake in both these SPVs. Expansion Plans The company has undertaken the expansion of its Gas Transmission pipeline linking northern and western regions. The pipeline will link Mehsana in Gujarat to Bathinda in Punjab at a cost of ~5,500 crore INR. Part of GSPC The company is promoted by Gujarat State Petroleum Corporation Ltd which is one of the leading oil & gas exploration, development and production companies in India. It is promoted by the Government of Gujarat along with its public sector undertakings.
NSE:GSPLLong
by shah43nirav
GSPL - Ichimoku Bullish Breakout Stock Name - Gujarat State Petronet Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 295 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:GSPLLong
by nikunjbhadja
GSPL on Breakout; above 281 for Intraday on MondayGSPL on Breakout; above 281 on Monday 27 Feb for Intraday gains -------------------------------------------------------------------- Please check out the INTRADAY Trading Strategy in the comments section below during the live market hours: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders may book profits at this stage Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice" The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:GSPLLong
by JJ_Breakouts