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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 2024-06-07 View latest technical analysis

10 day averaged volume of Gujarat Gas is 1321620

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	588.70	577.00	590.00	567.05	1.898 times
06 Thu Jun 2024	571.10	554.35	576.00	551.40	1.391 times
05 Wed Jun 2024	550.20	537.25	553.70	514.25	0.62 times
04 Tue Jun 2024	533.30	570.00	571.70	490.00	2.145 times
03 Mon Jun 2024	569.45	560.00	577.00	555.35	1.968 times
31 Fri May 2024	551.35	538.10	558.00	538.10	1.37 times
30 Thu May 2024	540.00	555.05	555.05	535.65	0.579 times
29 Wed May 2024	555.05	548.20	557.55	544.55	0.563 times
28 Tue May 2024	547.35	554.00	559.95	540.00	0.35 times
27 Mon May 2024	554.40	560.95	562.80	551.15	0.437 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 581.1, for a target of 566.4 or 554.2

Share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Target	490.00
Downside Target	512.00
Downside Target	534.10
Downside Target	550.10
Downside Target	567.00
Downside Target	568.45
Downside Target	584.00
Upside Target	590.00
Upside Target	595.75
Upside Target	620.00

Intraday share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Intraday Target	522.47
Downside Intraday Target	456.23
Upside Intraday Target	622.47
Upside Intraday Target	656.23
Downside Intraday Target	556.23

Weekly technical analysis of Gujarat Gas (GUJGASLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	588.70	560.00	590.00	490.00	2.432 times
31 Fri May 2024	551.35	560.95	562.80	535.65	1.251 times
24 Fri May 2024	556.50	554.00	568.45	550.10	0.851 times
18 Sat May 2024	553.75	531.00	558.20	519.35	0.316 times
10 Fri May 2024	530.05	536.20	567.00	523.25	3.271 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gujarat Gas (GUJGASLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	588.70	560.00	590.00	490.00	0.388 times
31 Fri May 2024	551.35	548.75	568.45	519.35	0.949 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

Scroll below to view daily charts

Price has moved up 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 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 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 to mid 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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

Gujarat Gas Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Gujarat Gas in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 559.3 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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