GSPL: Gujarat State Petro

#1
GSPL : Gujarat State Pertro CMP 36.50

I need some help from technical analyst regarding this stock

1.Does this security have good fundamental
2.What is the scope of its growth in 3 months as well as long term
3.Any other positives about this security

This stock is hanging around 35-36 for the past 3 weeks.
 
#2
Karthika,

I saw your query in couple of posts....looks like you want to get answer at any cost.

Neverthless to make few points to satisfy you.

1.GSPL fundementally is a good company with lot of growth avenues ( i dont look much at fundementals anyhow)

2. The stock is a recent IPO, so not much data to analyse and give targets.

3. It has a resistance at 40.5 and good support at 35 levels.

currently it is in a sideways movement with very marginal volumes (expected)

the conclusion is, its a long term stock and we need to wait for a good news for it to break out. Till then most probably it will be in sideways..

Satya