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Technicals for Godawari Power & Ispat Limited
By MusingTheNews
2025-05-30 20:35
Overall Technical outlook
Price Summary
Godawari Power & Ispat Limited's stock started trading at 195.9 on 2025-05-29, climbed to 198.0, fell to 195.0, and closed 0.05% up at 195.99, with 555203 shares traded. In the 52-week period, the stock's peak price is 235.58, and the lowest price recorded is 151.53.
Technicals
Support and Resistance: With the current price at 195.99, support is found at 192.55 and resistance at 206.2. These levels indicate where buyers might step in at 192.55, while sellers could limit gains at 206.2, defining a trading boundary for Godawari Power & Ispat Limited. Support/Resistance for GPIL
Aroon: The current state of the AROON is neutral for GPIL, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for Godawari Power & Ispat Limited
Bol. Bands: The current reading of the BOLL BANDS 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. Bolinger Bands chart for Godawari Power & Ispat Limited
Parabolic SAR: The PSAR continues to be bullish for GPIL, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for Godawari Power & Ispat Limited
Stochastic: The current reading of the STOCHASTIC 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. Stochastic chart for Godawari Power & Ispat Limited
Tripple Moving Agerage: The 20, 50, and 100 period moving averages for GPIL are aligned bearishly, indicating a downtrend. However, the slower SMAs are beginning to show signs of weakening, suggesting that the bearish momentum might be losing steam. This could indicate a potential pivot towards a bullish direction in the near future, as the market may be preparing for a trend reversal, moving away from the current downward trajectory. Tripple SMA chart for Godawari Power & Ispat Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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