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(GULFPETRO) Gp Petroleums complete technical analysis [charts+indicators] | Buy/Sell Gp Petroleums | (GULFPETRO) share price targets

Complete technical analysis of Gp Petroleums (GULFPETRO) by charts plus indicators, forecast predictions and share price targets for Gp Petroleums (GULFPETRO)

Gp Petroleums trades in NSE in Oil Marketing & Distribution sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Gp Petroleums is 1220136

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	73.05	76.95	78.50	70.20	0.79 times
30 Tue Jan 2024	76.85	75.80	81.45	73.95	1.468 times
29 Mon Jan 2024	74.35	67.05	75.00	64.00	2.063 times
20 Fri Oct 2023	59.35	63.10	64.20	58.55	0.324 times
19 Thu Oct 2023	63.80	64.95	65.45	63.35	0.486 times
18 Wed Oct 2023	64.20	62.65	65.20	61.55	1.072 times
17 Tue Oct 2023	62.15	58.40	64.00	57.90	2.014 times
16 Mon Oct 2023	58.50	59.00	60.40	58.10	0.588 times
13 Fri Oct 2023	58.25	57.00	59.70	56.20	0.762 times
12 Thu Oct 2023	57.00	56.65	57.85	55.50	0.425 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 76.1, for a target of 66.7 or 58.79

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	38.35
Downside Target	40.15
Downside Target	42.45
Downside Target	46.75
Downside Target	48.40
Downside Target	51.30
Downside Target	55.10
Downside Target	57.90
Downside Target	59.70
Downside Target	64.00
Downside Target	65.45
Upside Target	81.45

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	64.22
Downside Intraday Target	55.38
Upside Intraday Target	81.67
Upside Intraday Target	90.28
Downside Intraday Target	72.83

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	73.05	67.05	81.45	64.00	0.963 times
20 Fri Oct 2023	59.35	59.00	65.45	57.90	1.808 times
13 Fri Oct 2023	58.25	53.25	59.70	51.65	1.219 times
06 Fri Oct 2023	54.05	54.50	55.10	51.30	0.309 times
29 Fri Sep 2023	54.35	49.50	55.50	46.75	4.188 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Gp Petroleums (GULFPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	73.05	67.05	81.45	64.00	0.48 times
20 Fri Oct 2023	59.35	54.50	65.45	51.30	0.852 times
29 Fri Sep 2023	54.35	47.70	55.50	42.45	1.795 times
31 Thu Aug 2023	46.95	41.00	48.40	40.15	2.714 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Gp Petroleums (GULFPETRO)

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gp Petroleums stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Gp Petroleums in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Gp Petroleums Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Gp Petroleums in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Gp Petroleums is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 67.17 and Gp Petroleums (GULFPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Gp Petroleums (GULFPETRO) stock. Volume based technical analysis of Gp Petroleums (GULFPETRO) stock is negative.

Gp Petroleums Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.