GSPL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📉 Intraday Trade Analysis – GSPL (Gujarat State Petronet Ltd.) IntraDay Trade Rating: 2.8

GSPL currently shows a bearish-to-neutral intraday setup. Momentum indicators are weak, volume is significantly below average, and price action suggests limited upside unless a reversal pattern emerges. This stock may not be ideal for aggressive intraday trading today, but scalpers could explore short-side opportunities if weakness persists.

🔍 Technical Snapshot

RSI (40.4) → Bearish zone; below 45 indicates weak momentum.

MACD (-1.06) → Negative and widening; confirms downtrend.

Volume (1.41L vs Avg 8.31L) → Very low; lack of trader interest.

Price below DMA50 & DMA200 → Weak technical structure.

Qtr Profit Var: -50.6% → Recent earnings contraction adds pressure.

💸 Intraday Trade Setup

🔧 Trade Component Suggested Price Zone (₹)

Buy Zone ₹318 – ₹322 (only if reversal signs appear)

Profit Target ₹326 – ₹329

Stop-Loss Level Below ₹315

📍 Entry near ₹321 is risky unless volume spikes and RSI crosses 45. Look for bullish reversal patterns like double bottom or hammer near support.

⏱️ If Already Holding Today

Exit for Profit

Target: ₹326–₹329

Confirmation: RSI > 45, MACD flattening, volume > 3L with bullish candles.

Exit for Loss Protection

Stop-loss: ₹315 or if RSI dips below 38 and MACD steepens downward.

Warning signs: long upper wicks, bearish engulfing, or volume fading below 1L.

🧭 Final Takeaway

GSPL is a technically weak intraday candidate today. Unless momentum improves, it’s best approached with caution or avoided for intraday trades. If you’re scouting for stronger setups with bullish indicators and high volume, I can surface a few tickers that are heating up. Just say the word and I’ll scan the radar. 🔍📊

You can also check out DailyBulls' GSPL forecast for more short-term insights

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