GSPL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

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

📈 Trend Analysis

Current Price (₹316) is slightly above the 50-DMA (₹311) but below the 200-DMA (₹323) — indicating a neutral-to-weak setup.

52-week Index at 31.5% shows the stock is trading in the lower third of its yearly range (₹261–₹435), suggesting limited recovery from recent lows.

Trend Status: Consolidating, with a mild upward bias.

🔍 Momentum Indicators

RSI (58.0): In the bullish-neutral zone, indicating moderate strength and room for upside.

MACD (1.65): Slightly positive — suggests early bullish crossover, though momentum is still weak.

Volume: At 3.49L, significantly below 1-week average (8.08L) — reflects low participation, typical of a base-building phase.

📊 Chart Patterns & Moving Averages

Price is hovering around key moving averages, showing indecision.

Support Levels

₹311 (50-DMA)

₹300 (psychological support)

₹261 (52-week low)

Resistance Levels

₹323 (200-DMA)

₹340–₹360 (gap zone and minor resistance)

₹400–₹435 (major resistance zone)

📉 Bollinger Bands

Price is near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout and MACD acceleration to confirm directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 305–315 Near support zone and 50-DMA

Exit (Short-Term) 340–360 Resistance zone, potential reversal

Stop Loss 290 Below swing low and trendline

🧭 Summary

Trend: Consolidating with mild bullish bias

Momentum: Stabilizing, early signs of strength

Volatility: Low, with breakout potential

Strategy: Accumulate near ₹305–₹315 with target ₹340–₹360. Watch for RSI climbing above 60 and MACD strengthening for confirmation.

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