GUJGASLTD - Technical Analysis

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

📊 Technical Analysis for GUJGASLTD (Gujarat Gas Ltd.)

Technical Rating: 2.9

📉 Trend Overview

Current Price: ₹452 is below both 50 DMA (₹466) and 200 DMA (₹477) → indicates short-term and medium-term bearish bias

RSI (38.5): Near oversold zone → weak momentum, but potential for bounce

MACD (-2.81): Negative → confirms bearish crossover

Volume: Current volume (1.14L) is significantly below average (3.07L) → low participation, suggesting lack of conviction

📈 Chart Patterns & Indicators

Moving Averages

Price below key DMAs → bearish alignment

No bullish crossover observed

Bollinger Bands

Price near lower band (~₹432), middle band ~₹452, upper band ~₹472 → oversold territory, possible mean reversion

Support Levels

Strong support: ₹430–₹440 (recent demand zone)

Next support: ₹400 (psychological level)

Resistance Levels

Immediate resistance: ₹466 (50 DMA)

Major resistance: ₹477 (200 DMA)

Long-term resistance: ₹520–₹550 (gap zone from previous fall)

🚦 Momentum Signals

Short-Term: Bearish momentum with MACD divergence and RSI weakness

Medium-Term: Downtrend intact unless price reclaims ₹477

Volume Trend

Recent volume dips → no strong accumulation

FII holding down (-0.11%) → institutional caution

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry (Aggressive) 430–440 Near support, oversold setup

Entry (Conservative) Above 477 Confirmation of trend reversal

Exit (Short-Term) 466–475 Resistance zone, near key DMAs

Exit (Medium-Term) 520–550 Major resistance, trendline cap

🔄 Market Phase

Status: Reversing from uptrend to consolidation

Bias: Bearish-to-neutral; watch for MACD flattening and RSI recovery above 50

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