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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 2024-04-22 View latest technical analysis

10 day averaged volume of Gp Petroleums is 274313

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	65.70	66.70	67.20	65.35	0.372 times
19 Fri Apr 2024	65.35	65.05	66.60	64.50	0.407 times
18 Thu Apr 2024	66.35	66.85	68.60	65.80	0.376 times
16 Tue Apr 2024	67.05	65.95	68.55	65.50	0.498 times
15 Mon Apr 2024	66.40	66.15	67.95	63.90	1.113 times
12 Fri Apr 2024	68.90	72.50	72.50	68.80	0.883 times
10 Wed Apr 2024	71.80	70.50	73.40	70.50	2.249 times
09 Tue Apr 2024	70.50	66.95	71.50	66.85	1.971 times
08 Mon Apr 2024	67.00	68.40	68.75	65.80	0.716 times
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.636 times

My analysis of stock is bullish for shortterm, and stock might move up till 68.8 or till 72.9. Use a stoploss of 65.36 and if this stock hits its stoploss, then it can fall down till 61.92

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	51.30
Downside Target	57.25
Downside Target	59.70
Downside Target	61.90
Downside Target	63.90
Downside Target	65.35
Upside Target	67.20
Upside Target	68.60
Upside Target	69.05
Upside Target	73.40
Upside Target	78.80
Upside Target	81.45
Upside Target	90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	64.97
Downside Intraday Target	64.23
Upside Intraday Target	66.82
Upside Intraday Target	67.93
Upside Intraday Target	66.08

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	65.70	66.70	67.20	65.35	0.155 times
19 Fri Apr 2024	65.35	66.15	68.60	63.90	0.412 times
12 Fri Apr 2024	68.90	68.40	73.40	65.80	1.025 times
05 Fri Apr 2024	67.95	62.00	69.05	61.90	1.573 times
28 Thu Mar 2024	60.35	62.00	63.95	59.70	0.779 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
22 Mon Apr 2024	65.70	62.00	73.40	61.90	0.147 times
28 Thu Mar 2024	60.35	67.70	90.20	57.25	2.805 times
29 Thu Feb 2024	66.75	73.15	78.80	60.10	1.8 times
31 Wed Jan 2024	73.05	67.05	81.45	64.00	0.48 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. 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 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 red color and prices are below the red 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.94 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 negative.

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