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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 2024-05-16 View latest technical analysis

10 day averaged volume of Gp Petroleums is 120669

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	63.40	63.60	64.55	62.90	0.53 times
15 Wed May 2024	63.50	64.85	64.85	63.00	0.639 times
14 Tue May 2024	63.45	64.20	64.25	62.75	0.407 times
13 Mon May 2024	63.75	62.70	64.80	60.95	0.626 times
10 Fri May 2024	62.70	62.80	64.60	60.85	0.938 times
09 Thu May 2024	61.90	65.20	65.70	61.50	0.969 times
08 Wed May 2024	65.10	63.85	65.70	62.90	0.817 times
07 Tue May 2024	63.25	65.70	65.75	62.05	1.115 times
06 Mon May 2024	64.75	67.35	68.50	64.40	1.572 times
03 Fri May 2024	67.05	68.95	69.50	66.10	1.695 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.5, but if it comes above 63.5, then a intra day buy could be more profitable.
If you take a sell trade below 63.5, then use 63.5 as stoploss and 61 as target. However if you take a buy trade in stock , then use 63.5 as stoploss and 65.54 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	57.25
Downside Target	60.10
Upside Target	63.90
Upside Target	68.50
Upside Target	68.60
Upside Target	69.75
Upside Target	70.00
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	61.28
Downside Intraday Target	59.17
Upside Intraday Target	65.18
Upside Intraday Target	66.97
Downside Intraday Target	63.07

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	63.40	62.70	64.85	60.95	0.407 times
10 Fri May 2024	62.70	67.35	68.50	60.85	0.701 times
03 Fri May 2024	67.05	67.10	69.75	65.10	1.09 times
26 Fri Apr 2024	67.10	66.70	70.00	65.35	1.302 times
19 Fri Apr 2024	65.35	66.15	68.60	63.90	0.412 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 Thu May 2024	63.40	69.40	69.75	60.85	0.242 times
30 Tue Apr 2024	68.35	62.00	73.40	61.90	0.197 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

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 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 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 Strong and stock is gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Gp Petroleums in short term and SELL signal is strong!

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

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 64.23 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.