GPIL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Godawari Power & Ispat Ltd (GPIL)

📈 Trend Analysis

Current Price (₹260) is above both 50-DMA (₹223) and 200-DMA (₹199) — confirming a strong bullish trend.

52-week Index at 87.7% shows the stock is trading close to its yearly high of ₹276, indicating momentum continuation.

Trend Status: Trending upward, with breakout potential.

🔍 Momentum Indicators

RSI (67.7): Approaching overbought territory, signaling strong momentum but caution for short-term exhaustion.

MACD (13.5): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 44.6L, significantly below 1-week average (138.4L) — suggests momentum cooling, possibly due to profit booking or consolidation.

📊 Chart Patterns & Moving Averages

Golden Cross: Price above both 50-DMA and 200-DMA — a classic bullish signal.

Support Levels

₹223 (50-DMA)

₹240 (recent swing low)

Resistance Levels

₹276 (52-week high)

₹280–₹290 (psychological and breakout zone)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 240–245 Near recent swing low and support

Exit (Short-Term) 275–285 Resistance zone, potential reversal

Stop Loss 223 Below 50-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: Expanding, with breakout potential

Ideal Strategy: Accumulate near ₹240–₹245 with target ₹275–₹285. Monitor RSI and volume for signs of exhaustion or continuation.

Let me know if you'd like to compare this setup with other metal or industrial stocks for broader positioning.

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