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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 2024-03-20 View latest technical analysis

10 day averaged volume of Gujarat Gas is 930284

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	516.60	518.45	518.65	498.35	2.546 times
19 Tue Mar 2024	520.85	543.00	543.00	516.25	0.607 times
18 Mon Mar 2024	542.75	543.15	545.90	535.00	0.907 times
15 Fri Mar 2024	543.15	537.30	546.95	528.55	0.971 times
14 Thu Mar 2024	537.30	528.00	542.65	522.05	1.222 times
13 Wed Mar 2024	528.40	556.15	556.15	523.20	1.362 times
12 Tue Mar 2024	556.15	561.00	576.90	553.00	0.518 times
11 Mon Mar 2024	565.50	576.95	576.95	556.00	0.861 times
07 Thu Mar 2024	570.75	568.00	573.90	559.70	0.589 times
06 Wed Mar 2024	566.85	594.00	594.75	555.15	2.237 times

Stock of Gujarat Gas (GUJGASLTD) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 512.1, for a target of 537.4 or 558.39

Share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Target	402.25
Downside Target	431.25
Downside Target	461.70
Downside Target	498.35
Downside Target	512.00
Upside Target	540.00
Upside Target	576.95
Upside Target	580.50
Upside Target	582.75
Upside Target	583.60
Upside Target	595.75
Upside Target	620.00

Intraday share price targets for Gujarat Gas (GUJGASLTD)

Target Type	Value
Downside Intraday Target	494.67
Downside Intraday Target	472.73
Upside Intraday Target	542.22
Upside Intraday Target	567.83
Upside Intraday Target	520.28

Weekly technical analysis of Gujarat Gas (GUJGASLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	516.60	543.15	545.90	498.35	0.823 times
15 Fri Mar 2024	543.15	576.95	576.95	522.05	0.872 times
07 Thu Mar 2024	570.75	576.80	595.75	555.15	0.826 times
02 Sat Mar 2024	576.80	580.00	583.60	544.75	0.839 times
23 Fri Feb 2024	577.30	545.00	580.50	540.00	0.531 times

Price has moved down 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
20 Wed Mar 2024	516.60	568.00	595.75	498.35	0.428 times
29 Thu Feb 2024	565.35	587.40	620.00	512.00	0.743 times
31 Wed Jan 2024	581.30	464.80	582.75	461.70	1.492 times
29 Fri Dec 2023	461.50	434.90	463.00	431.25	2.572 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a short 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.

Price action analysis of Gujarat Gas ( (GUJGASLTD) ) based on a short to mid 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.

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

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

MACD generated a SELL signal for Gujarat Gas in short term and the sell signal is strong.

Gujarat Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Gujarat Gas in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 542.01 and Gujarat Gas (GUJGASLTD) stock is trading below this level. This means that stock is falling with high volumes. 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.