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(GUJGASLTD) Gujarat Gas complete technical analysis [charts+indicators] | Buy/Sell Gujarat Gas | (GUJGASLTD) share price targets

Complete technical analysis of Gujarat Gas (GUJGASLTD) by charts plus indicators, forecast predictions and share price targets for Gujarat Gas (GUJGASLTD)

Showing technical analysis as on 2024-05-15 View latest technical analysis

10 day averaged volume of Gujarat Gas is 1857556

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	542.55	551.35	551.35	541.45	0.236 times
14 Tue May 2024	551.40	539.55	553.90	535.05	0.721 times
13 Mon May 2024	536.75	531.00	539.25	519.35	0.336 times
10 Fri May 2024	530.05	533.40	538.00	523.25	0.357 times
09 Thu May 2024	531.95	549.00	551.30	530.00	0.636 times
08 Wed May 2024	546.25	538.95	556.00	536.15	0.702 times
07 Tue May 2024	538.40	563.00	567.00	534.20	3.318 times
06 Mon May 2024	548.20	536.20	561.80	532.65	1.976 times
03 Fri May 2024	535.90	539.80	542.00	530.80	0.519 times
02 Thu May 2024	537.10	548.75	550.30	534.70	0.773 times

My analysis of stock is bearish for shortterm, and stock might move down till 536.9 or till 528.8. Use a stoploss of 543.68 and if the stock hits stoploss, then it can shoot up till 550.47

Share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Target	461.70
Downside Target	498.35
Downside Target	512.00
Upside Target	553.90
Upside Target	558.00
Upside Target	567.00
Upside Target	582.75
Upside Target	584.00
Upside Target	595.75
Upside Target	620.00

Intraday share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Intraday Target	523.3
Downside Intraday Target	504.05
Upside Intraday Target	557.85
Upside Intraday Target	573.15
Downside Intraday Target	538.6

Weekly technical analysis of Gujarat Gas (GUJGASLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	542.55	531.00	553.90	519.35	0.185 times
10 Fri May 2024	530.05	536.20	567.00	523.25	3.271 times
03 Fri May 2024	535.90	554.80	558.00	530.80	0.947 times
26 Fri Apr 2024	551.40	550.00	557.10	536.25	0.405 times
19 Fri Apr 2024	546.25	550.55	584.00	535.20	1.973 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Gujarat Gas (GUJGASLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Wed May 2024	542.55	548.75	567.00	519.35	0.617 times
30 Tue Apr 2024	546.60	544.95	584.00	534.10	1.552 times
28 Thu Mar 2024	544.25	568.00	595.75	498.35	0.539 times
29 Thu Feb 2024	565.35	587.40	620.00	512.00	0.743 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Gujarat Gas (GUJGASLTD)

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Gujarat Gas stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Gujarat Gas in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Gujarat Gas Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Gujarat Gas in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Gujarat Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 541.04 and Gujarat Gas (GUJGASLTD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Gujarat Gas (GUJGASLTD) stock. Volume based technical analysis of Gujarat Gas (GUJGASLTD) stock is negative.

Gujarat Gas Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.