Gujarat State Petronet Breaks Out Strong: Buy on Dips Above 314, Profit Near 330
GSPL shows a strong bullish breakout with a 4.6% rally on good volume, reaching 319.60. This surge suggests positive momentum after a period of consolidation near support around 287. The immediate resistance to watch is around 325-330 range, where profit booking is likely. Until the price sustains above 314, the uptrend remains intact, and dips near 314-315 can be considered buying opportunities. The exit logic involves partial profit booking near resistance (325-330) and trailing stop-loss below 314 to protect capital against downside risks.
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