GUJGASLTD - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Gujarat Gas Ltd (GUJGASLTD)

📈 Trend Analysis

Current Price (₹438) is slightly below the 50-DMA (₹441) and well below the 200-DMA (₹464) — indicating a weak technical setup.

52-week Index at 29.3% shows the stock is trading in the lower third of its yearly range (₹360–₹627), suggesting limited recovery from recent lows.

Trend Status: Consolidating, with a mild downward bias.

🔍 Momentum Indicators

RSI (51.4): In the neutral zone, indicating lack of strong momentum — neither oversold nor overbought.

MACD (-0.23): Slightly negative — suggests bearish divergence, though flattening may hint at stabilization.

Volume: At 1.25L, significantly below 1-week average (2.47L) — reflects low participation, typical of a consolidation phase.

📊 Chart Patterns & Moving Averages

Price is hovering near the 50-DMA, but still below the 200-DMA — a sign of technical indecision.

Support Levels

₹420 (recent swing low)

₹400 (psychological support)

₹360 (52-week low)

Resistance Levels

₹441 (50-DMA)

₹464 (200-DMA)

₹480–₹500 (gap zone and minor resistance)

📉 Bollinger Bands

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

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

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 420–430 Near support zone and swing low

Exit (Short-Term) 460–480 Resistance zone, potential reversal

Stop Loss 400 Below psychological support

🧭 Summary

Trend: Consolidating with mild bearish undertone

Momentum: Weak, but stabilizing

Volatility: Low, with breakout potential

Strategy: Cautious accumulation near ₹420–₹430 with target ₹460–₹480. Watch for RSI crossing 55+ and MACD turning positive for confirmation.

Let me know if you'd like to compare this setup with other gas distribution or utility sector stocks for broader positioning.

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