Gujarat Pipavav Port Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Gujarat Pipavav Port Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Gujarat Pipavav Port Limited stock price gained 2.47% on the last trading day (Friday, 21st Jun 2024), rising from ₹200.00 to ₹204.95. During the last trading day the stock fluctuated 4.35% from a day low at ₹201.00 to a day high of ₹209.75. The price has risen in 9 of the last 10 days and is up by 8.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 113 thousand more shares were traded than the day before. In total, 245 thousand shares were bought and sold for approximately ₹50.19 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹203.75, a level that may pose a second chance to hit a runner. According to fan-theory ₹228.33 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GPPL.BO Signals & Forecast
Mostly positive signals in the chart today. The Gujarat Pipavav Port 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 ₹201.14 and ₹200.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 11.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Gujarat Pipavav Port Limited stock
Gujarat Pipavav Port Limited finds support from accumulated volume at ₹203.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹8.75 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: ₹197.16 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (GPPL.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Gujarat Pipavav Port Limited to open at ₹205.23, and during the day (based on 14 day Average True Range), to move between ₹196.28 and ₹213.62, which gives a possible trading interval of +/-₹8.67 (+/-4.23%) up or down from last closing price. If Gujarat Pipavav Port Limited takes out the full calculated possible swing range there will be an estimated 8.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹203.25 (0.83%) than the resistance at ₹216.15 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gujarat Pipavav Port Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.376 Buy Candidate Upgraded
Predicted Opening Price for Gujarat Pipavav Port Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹205.23 ( 0.138%) | ₹204.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPPL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 213.98 | 4.41% |
| R2 | 210.64 | 2.78% |
| R1 | 208.58 | 1.77% |
| Price | 204.95 | |
| S1 | 201.89 | -1.49% |
| S2 | 199.83 | -2.50% |
| S3 | 196.48 | -4.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 223.90 | 9.25% |
| R2 | 217.40 | 6.07% |
| R1 | 216.15 | 5.46% |
| Price | 204.95 | |
| S1 | 203.25 | -0.83% |
| S2 | 192.50 | -6.07% |
| S3 | 189.10 | -7.73% |
GPPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2024 | Aug 14, 2024 | Sep 21, 2024 | ₹3.70 | 1.81% |
| 2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | ₹3.60 | 2.58% |
| 3 | Jul 26, 2023 | Jul 26, 2023 | Sep 03, 2023 | ₹3.40 | 2.61% |
| 4 | Nov 18, 2022 | Nov 18, 2022 | Dec 01, 2022 | ₹2.70 | 2.94% |
| 5 | Nov 13, 2017 | Nov 13, 2017 | Dec 02, 2017 | ₹1.70 | 1.21% |
FAQ
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