The short-term outlook is bullish for Gujarat Gas. The 4 per cent rise on Wednesday has taken the share price well above the 200-Day Moving Average (DMA), currently at ₹282. It has also broken the resistance at ₹288. These factors strengthen the bullish case. So, the region between ₹290 and ₹280 will now act as a good support zone and limit the downside. Gujarat Gas’ share price has the potential to target ₹550 on the upside in the coming weeks. Traders can go long now at ₹500. Accumulate on dips at ₹492. Keep the stop-loss at ₹472. Trail the stop-loss up to ₹508 when the price goes up to ₹515. Revise the stop-loss further up to ₹520 and ₹530 when the share price touches ₹528 and ₹540, respectively. Exit the long positions at ₹545.
Video Credit: Businessline
Note: The recommendations are based on technical analysis. There is a risk of loss in trading.
Published on July 3, 2025
