GPIL - Technical Analysis

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

Technical Rating: 3.9

Here’s a detailed technical analysis of GPIL (Godawari Power & Ispat Ltd.) based on current indicators and price action

📊 Trend Overview

Current Trend: Mild Uptrend, but facing resistance.

Price Action: Trading above both 50 DMA and 200 DMA, indicating bullish undertone.

Chart Pattern: Recovery from 52-week low (₹146) shows strength, but recent price rejection near ₹194 hints at hesitation.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 188 Bullish (Price above)

200 DMA 187 Bullish (Price above)

Price is slightly above both DMAs, suggesting supportive momentum.

Short-term EMAs likely flattening, indicating range-bound movement.

📉 Momentum Indicators

Indicator Value Interpretation

RSI 58.7 Neutral to Bullish – room for upside

MACD 1.61 Positive crossover – mild bullish momentum

Volume 10.9L Above average – accumulation phase

RSI is in a healthy zone, not overbought.

MACD suggests continuation, but not aggressive.

📊 Bollinger Bands

Price likely near the middle band, indicating neutral volatility.

No breakout or squeeze pattern visible.

📌 Support & Resistance Zones

Level Price (₹)

Major Support 180–185

Minor Support 188–190

Resistance 200–205 (near recent high), 220–225 (next breakout zone)

Trendline support aligns near ₹185.

Resistance at ₹200 is critical for bullish continuation.

🎯 Entry & Exit Zones

Optimal Entry: ₹185–₹190 (on pullback to support)

Exit Zone: ₹200–₹220 (if price breaks resistance with volume)

🔄 Trend Status

Trending: Mild bullish trend with short-term consolidation.

Watch for MACD divergence or RSI > 65 for breakout confirmation.

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