Godawari Power And Ispat limited (GPIL.NS) Shares Needle Moving 6.74%

Needle moving action has been spotted in Godawari Power And Ispat limited (GPIL.NS) as shares are moving today on volatility 6.74% or 7.65 from the open. The NSE listed company saw a recent bid of 121.20 and 95217 shares have traded hands in the session.

Investing in the stock market will always involve some level of risk. Investors often have to determine how much they are willing to risk, and try to project what the potential reward could be. Taking on too much risk may put the average investor out of their comfort zone. Finding that sweet spot for risk appetite may help investors get on the correct path to conquering the markets. As companies continue to report quarterly earnings, investors will be watching which companies post larger than expected surprises. Analysts will also be watching the numbers closely in order to make sense of the results and update estimates accordingly.

Taking a deeper look into the technical levels of Godawari Power And Ispat limited (GPIL.NS), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -29.74. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Godawari Power And Ispat limited (GPIL.NS) currently has a 14-day Commodity Channel Index (CCI) of 66.30. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Godawari Power And Ispat limited’s  14-day RSI is currently at 66.88, the 7-day stands at 71.95, and the 3-day is sitting at 86.17.

Currently, the 14-day ADX for Godawari Power And Ispat limited (GPIL.NS) is sitting at 46.87. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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