GSPL - Technical Analysis

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

Technical Rating: 3.2

Here’s a detailed technical breakdown of GSPL (Gujarat State Petronet Ltd)

📊 Trend Analysis

Current Price: ₹321 is below both the 50-DMA (₹328) and 200-DMA (₹331), indicating a short-term downtrend.

RSI (40.4): Weak momentum, approaching oversold territory.

MACD (-1.06): Bearish crossover, confirming downward pressure.

Volume: Current volume (1.4L) is significantly lower than the 1-week average (8.3L), suggesting lack of buying interest.

📈 Chart Patterns & Indicators

Moving Averages

Price below both key DMAs → Bearish bias

No bullish crossover in sight

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential for a technical bounce.

Support Levels

Immediate support at ₹310–₹315 (recent swing lows)

Major support at ₹261 (52-week low)

Resistance Levels

Immediate resistance at ₹330–₹335 (DMA cluster)

Major resistance at ₹350–₹360 (trendline + psychological level)

🚦 Momentum Signals

Short-Term Signal: Bearish

Trend Status: Reversing from previous highs, currently in downtrend

Volume Trend: Weak volume confirms lack of momentum

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 310–320 Near support, oversold setup

Breakout Buy Above 335 Confirmation of trend reversal

Exit Zone 350–360 Resistance zone, profit booking

Stop Loss Below 305 Breach of key support

🧠 Final Take

GSPL is currently in a downtrend, with weak momentum and low volume. While fundamentals remain solid (low debt, decent ROCE), technicals suggest caution. A bounce from ₹310–₹320 is possible, but confirmation above ₹335 is needed for a bullish reversal. Until then, the stock may continue to drift lower or consolidate.

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