Gujarat Pipavav Port Limited (GPPL) Stock - Complete Technical Analysis - Sep 20, 2024

Gujarat Pipavav Port: Key Technical Levels & Market Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

In this technical analysis of Gujarat Pipavav Port Limited, currently trading at 218, we observe that the stock is approximately 13% below its 52-week high of 251, while also being around 87% above its 52-week low of 116. This price movement indicates significant recovery over the past year.

The recent Inside Candle pattern suggests a consolidation phase, with the price trading within a narrower range between 213 and 224. The RSI indicates that the stock is approaching oversold territory, suggesting potential upward momentum. However, the MACD remains negative, hinting at bearish pressure. The Stochastic and Williams %R indicators also confirm a bearish sentiment, indicating that further caution may be warranted.

Support levels are evident near 207, while resistance can be anticipated around 229. The Average Directional Index shows low trend strength, suggesting a lack of a decisive trend at this time. Traders should watch for breakouts above 229 or below 207 to determine the next direction.

Overall, Gujarat Pipavav Port Limited appears to be in a crucial phase. Observing key support and resistance levels will be essential for traders looking to capitalize on potential price movements.