Gujarat State Petronet Limited

#1
Need some suggestions from forum experts on GSPL please.

I am holding good number @60 and stock is showing no signs of recovery.

This year's quarterly results are not very good (Sales constant and net profit declining). How about near future prospects, is it worth holding or accumulating ?

thanks!
 

man4urheart

Well-known member
#2
I don't track it, but technical school thoughts



We are sitting on long term support, if it breaks this then can go to depths which I have no idea as there is not much history available!

Suggest keeping a stop-loss 2 Rs below the price on chart!

- I see a positive divergence in Fast MACD
- RSI is in oversold zone for long time(one month)..Not shown in chart

Both these suggest you will get a bounce soon!
 
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#3
thanks Man !
It has been pretty flat this week with very very low volume.
Does Such a state give any signs of breakout either way ?



Or technicals take a break here and we only lookout / wait for some market news !
 
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man4urheart

Well-known member
#5
thanks Man !
It has been pretty flat this week with very very low volume.
Does Such a state give any signs of breakout either way ?

Or technicals take a break here and we only lookout / wait for some market news !
Here is what I am seeing




- It is trading in a channel as you see the lower trendline for respected 3 times!
- I see momentum build up!
- 50 EMA at 38 is first target!
- if crossed can look for 200 EMA near Upper channel trendline at 53!
- If market rises in coming few days it should be part of ride of the Rocket (Chandrayaan) Up!:D

Mark my words

If you are learning technical analysis, better believe in them. It is a very powerful science, known to very few! I have learn a big lesson for not following technical analysis.
 
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