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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 2024-02-16 View latest technical analysis

10 day averaged volume of Gp Petroleums is 351180

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	70.10	72.65	74.00	69.50	1.346 times
15 Thu Feb 2024	69.65	65.70	70.70	65.70	1.086 times
14 Wed Feb 2024	65.35	64.30	67.95	64.30	0.614 times
13 Tue Feb 2024	66.55	61.00	67.55	60.10	0.847 times
12 Mon Feb 2024	62.05	67.30	69.85	61.20	0.83 times
09 Fri Feb 2024	68.25	72.90	73.05	66.40	1.609 times
08 Thu Feb 2024	72.30	73.15	73.60	71.25	0.465 times
07 Wed Feb 2024	73.15	72.95	74.00	72.40	0.722 times
06 Tue Feb 2024	72.50	72.30	74.95	72.05	0.918 times
05 Mon Feb 2024	72.10	75.75	76.55	70.35	1.251 times

My analysis of stock is bullish for shortterm, and stock might move up till 74.2 or till 80.7. Use a stoploss of 68.71 and if this stock hits its stoploss, then it can fall down till 63.25

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	74.00
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	62.13
Downside Intraday Target	54.17
Upside Intraday Target	76.03
Upside Intraday Target	81.97
Downside Intraday Target	68.07

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	70.10	67.30	74.00	60.10	0.951 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 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
16 Fri Feb 2024	70.10	73.15	78.05	60.10	0.868 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is losing momentum.

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

Gp Petroleums Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Gp Petroleums in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 69.26 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 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.