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Technicals for Gujarat Gas Limited
By MusingTheNews
2025-10-17 20:36
Overall Technical outlook
Price Summary
On 2025-10-17, GUJGASLTD's stock opened at 419.9, reached a peak of 421.75, dropped to 418.05, and ended 0.1% up at 420.3, with a volume of 191046 shares. Over the course of 52 weeks, the stock peaked at 563.0 and hit a low of 370.2. The expected price range is between 350.0 and 615.0, with a mean anticipated price of 466.7143, according to 28 analysts.
Technicals
Support and Resistance: At 420.3, the price is supported at 421.05 and faces resistance at 421.05. This range suggests that the price for GUJGASLTD might stay between these levels, with 421.05 acting as a floor and 421.05 as a ceiling. Support/Resistance for GUJGASLTD
Aroon: Aroon's bearish trend persists, with Aroon Down remaining at 100. This consistent downward momentum suggests continued declines, but further analysis is necessary using other indicators to fully comprehend the trend's future direction. Aroon chart for Gujarat Gas Limited
Bol. Bands: The latest move shows the price crossing above the lower Bollinger Band, following a period where it was below this level. This upward crossover may indicate that the market is beginning to recover from oversold conditions, with the potential for a shift away from the bearish trend. The movement above the band suggests that a reversal or stabilization could be on the horizon. Bolinger Bands chart for Gujarat Gas Limited
Parabolic SAR: The PSAR for GUJGASLTD remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains. Parabolic Stop and Reverse chart for Gujarat Gas Limited
Stochastic: The Stochastic K-line has fallen below the D-line and remains under the 20 mark, indicating a mildly bearish signal. This suggests that the market may experience some downward pressure, but the overall bearish sentiment is not yet strong. Investors should be cautious, watching for further developments that could confirm this trend. Stochastic chart for Gujarat Gas Limited
Tripple Moving Agerage: A bullish trend is signaled by the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages suggest a potential reversal. The weakening momentum in the shorter-term averages hints that the current upward trend might be nearing its end, signaling the possibility of a shift in direction. Tripple SMA chart for Gujarat Gas Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
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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