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Technicals for Gujarat Gas Limited
By MusingTheNews
2025-05-30 20:36
Overall Technical outlook
Price Summary
On 2025-05-29, GUJGASLTD's stock began at 461.0, peaked at 464.65, dipped to 456.3, and closed up 0.28% at 462.3, with a volume of 190851 shares. The stock reached its highest price of 680.0 and lowest price of 370.2 over the last 52 weeks. GUJGASLTD's future price is expected to lie between 372.0 and 650.0, with an average expectation of 482.25925, as per the recommendations of 27 analysts.
Technicals
Support and Resistance: The current price is 462.3, with support at 445.3 and resistance at 471.05. This range suggests that the price might move between these levels, with 445.3 offering support and 471.05 capping further gains for Gujarat Gas Limited. Support/Resistance for GUJGASLTD
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for Gujarat Gas Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for GUJGASLTD, with no strong trend emerging. Bolinger Bands chart for Gujarat Gas Limited
Parabolic SAR: The PSAR has just reversed from bullish to bearish for Gujarat Gas Limited, suggesting a possible trend change. If supported by a broader market trend, this could be a very bearish signal. Traders should monitor other indicators for confirmation before taking action based on this reversal. Parabolic Stop and Reverse chart for Gujarat Gas Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Gujarat Gas Limited
Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Tripple SMA chart for Gujarat Gas Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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