GPT Infraprojects Limited Stock Forecast

Green day on Friday for GPT Infraprojects Limited
(Updated on May 10, 2024)

GPTINFRA.NS Signals & Forecast

The GPT Infraprojects Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹216.95. On a fall, the stock will find some support from the long-term average at approximately ₹186.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Thursday, May 02, 2024, and so far it has fallen -5.71%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for GPT Infraprojects Limited stock

GPT Infraprojects Limited finds support from accumulated volume at ₹212.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹8.50 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 5.40%.

Our recommended stop-loss: ₹203.53 (-5.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (GPTINFRA.NS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect GPT Infraprojects Limited to open at ₹213.05, and during the day (based on 14 day Average True Range), to move between ₹202.11 and ₹227.19, which gives a possible trading interval of +/-₹12.54 (+/-5.84%) up or down from last closing price. If GPT Infraprojects Limited takes out the full calculated possible swing range there will be an estimated 11.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹216.00 (0.63%) than the support at ₹212.60 (0.96%), 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.

Is GPT Infraprojects Limited stock A Buy?

GPT Infraprojects Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.966 Hold/Accumulate Unchanged

Predicted Opening Price for GPT Infraprojects Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.