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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 2024-02-13 View latest technical analysis

10 day averaged volume of Gp Petroleums is 596188

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	66.55	61.00	67.55	60.10	0.499 times
12 Mon Feb 2024	62.05	67.30	69.85	61.20	0.489 times
09 Fri Feb 2024	68.25	72.90	73.05	66.40	0.948 times
08 Thu Feb 2024	72.30	73.15	73.60	71.25	0.274 times
07 Wed Feb 2024	73.15	72.95	74.00	72.40	0.426 times
06 Tue Feb 2024	72.50	72.30	74.95	72.05	0.541 times
05 Mon Feb 2024	72.10	75.75	76.55	70.35	0.737 times
02 Fri Feb 2024	75.55	74.95	78.05	74.55	0.976 times
01 Thu Feb 2024	74.35	73.15	77.75	71.55	0.988 times
31 Wed Jan 2024	73.05	76.95	78.50	70.20	1.617 times

My analysis of stock is bearish for shortterm, and stock might move down till 60.2 or till 52. Use a stoploss of 67.03 and if the stock hits stoploss, then it can shoot up till 73.84

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	40.15
Downside Target	42.45
Downside Target	48.40
Downside Target	51.30
Downside Target	55.50
Downside Target	57.90
Downside Target	59.70
Downside Target	64.00
Downside Target	65.45
Upside Target	69.85
Upside Target	76.55
Upside Target	78.05
Upside Target	81.45

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	61.15
Downside Intraday Target	55.75
Upside Intraday Target	70.9
Upside Intraday Target	75.25
Downside Intraday Target	65.5

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	66.55	67.30	69.85	60.10	0.338 times
09 Fri Feb 2024	68.25	75.75	76.55	66.40	0.271 times
02 Fri Feb 2024	75.55	67.05	81.45	64.00	1.177 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

Price has moved down 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
13 Tue Feb 2024	66.55	73.15	78.05	60.10	0.665 times
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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Gp Petroleums in short term but the sell signal is initial and weak.

Gp Petroleums Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 71.63 and Gp Petroleums (GULFPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.