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Technicals for Gujarat Gas Limited
By MusingTheNews
2025-06-13 20:35
Overall Technical outlook
Price Summary
Gujarat Gas Limited's stock started the year at 486.5, climbed to a high of 487.85, fell to 474.45, and closed -1.91% lower at 477.2, with 249555 shares traded on 2025-06-12. Over the previous 52 weeks, the stock reached a high of 680.0 and a low of 370.2. The anticipated price is forecasted to be between 372.0 and 650.0, with an average price expectation of 482.03705, based on input from 27 analysts.
Technicals
Support and Resistance: The current price is 477.2, with support at 471.05 and resistance at 498.7. This range suggests that the price might move between these levels, with 471.05 offering support and 498.7 capping further gains for Gujarat Gas Limited. Support/Resistance for GUJGASLTD
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Gujarat Gas Limited
Bol. Bands: The recent decline below the upper Bollinger Band could signal a potential downward trend. This movement might indicate that the asset is losing bullish momentum and is overbought, suggesting that a correction is due. Traders often interpret this as an early warning of a reversal, making it a crucial point for reevaluating trading strategies and positions. Bolinger Bands chart for Gujarat Gas Limited
Parabolic SAR: The PSAR maintains a bullish outlook, reinforcing a support level that could help uphold the market's upward trend. This suggests that the market is likely to continue climbing, with the support providing a solid base for further gains. Parabolic Stop and Reverse chart for Gujarat Gas Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Stochastic chart for Gujarat Gas Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages reflects a bearish trend, signaling a downtrend. Despite this, the slower SMAs seem to be losing steam, hinting at a possible change. This weakening in the bearish trend may suggest that the market is preparing for a bullish pivot, with a potential reversal in direction occurring soon. Tripple SMA chart for Gujarat Gas Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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