Godawari Power & Ispat Limited Stock Forecast
Godawari Power & Ispat Limited stock price ended at ₹908.50 on Friday, after gaining 0.80%.
(Updated on May 17, 2024)
The Godawari Power & Ispat Limited stock price gained 0.80% on the last trading day (Friday, 17th May 2024), rising from ₹901.25 to ₹908.50. During the last trading day the stock fluctuated 2.80% from a day low at ₹893.00 to a day high of ₹918.00. The price has been going up and down for this period, and there has been a -1.57% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately ₹185.80 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.32% during the next 3 months and, with a 90% probability hold a price between ₹1,029.95 and ₹1,229.59 at the end of this 3-month period.
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GPIL.NS Signals & Forecast
The Godawari Power & Ispat Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹899.94 and ₹848.49. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Godawari Power & Ispat Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹818.30 and ₹807.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Godawari Power & Ispat Limited finds support just below today's level at ₹818.30. If this is broken, then the next support from accumulated volume will be at ₹807.30 and ₹695.70.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹25.00 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: ₹870.77 (-4.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (GPIL.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Godawari Power & Ispat Limited to open at ₹906.50, and during the day (based on 14 day Average True Range), to move between ₹876.34 and ₹940.66, which gives a possible trading interval of +/-₹32.16 (+/-3.54%) up or down from last closing price. If Godawari Power & Ispat Limited takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹908.75 (0.03%) than the support at ₹818.30 (9.93%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Godawari Power & Ispat Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Godawari Power & Ispat Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.19% in the first trading day after earnings release.
Is Godawari Power & Ispat Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Godawari Power & Ispat Limited stock to perform well in the short-term.
Current score: 3.435 Buy Candidate Unchanged
Predicted Opening Price for Godawari Power & Ispat Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₹906.50 ( 0.220%) | ₹908.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPIL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 931.50 | 2.53 % | |
R2 | 921.95 | 1.48 % | ||
R1 | 916.05 | 0.83 % | ||
Current price: | 908.50 | |||
Support | S1 | 896.95 | -1.27 % | |
S2 | 891.05 | -1.92 % | ||
S3 | 881.50 | -2.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 922.95 | 1.59 % | |
R2 | 915.10 | 0.726 % | ||
R1 | 908.75 | 0.0275 % | ||
Current price | 908.50 | |||
Support | S1 | 818.30 | -9.93% | |
S2 | 807.30 | -11.14% | ||
S3 | 695.70 | -23.42% |
GPIL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | ₹4.00 | 0.675% |
2 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | ₹8.50 | 2.84% |
3 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹13.50 | 0.97% |
4 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | ₹4.63 | 0.293% |
5 | Feb 04, 2021 | Feb 04, 2021 | Feb 04, 2021 | ₹1.25 | 0.234% |
FAQ
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