GTL Infrastructure Limited Stock Forecast

GTL Infrastructure Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

GTLINFRA.BO Signals & Forecast

The GTL Infrastructure 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 ₹1.93 and ₹1.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, June 12, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, April 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for GTL Infrastructure Limited stock

GTL Infrastructure Limited finds support from accumulated volume at ₹2.05 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹0.0900 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 5.61%.

Our recommended stop-loss: ₹2.09 (-2.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (GTLINFRA.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect GTL Infrastructure Limited to open at ₹2.12, and during the day (based on 14 day Average True Range), to move between ₹2.06 and ₹2.24, which gives a possible trading interval of +/-₹0.0905 (+/-4.21%) up or down from last closing price. If GTL Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 8.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹2.05, some ₹0.100 (4.65%) from the current price of ₹2.15, our system finds the risk reward attractive.

Is GTL Infrastructure Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for GTL Infrastructure Limited stock to perform well in 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: 4.468 Buy Candidate Upgraded

Predicted Opening Price for GTL Infrastructure Limited of Tuesday, June 18, 2024

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