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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 2024-05-24 View latest technical analysis

10 day averaged volume of Gp Petroleums is 85237

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	63.85	64.35	64.95	63.55	1.096 times
23 Thu May 2024	64.70	65.10	65.20	63.70	0.775 times
22 Wed May 2024	64.85	64.50	65.75	63.45	2.469 times
21 Tue May 2024	63.40	64.35	64.60	63.10	1.138 times
18 Sat May 2024	64.35	64.35	64.85	63.35	0.238 times
17 Fri May 2024	64.35	63.40	65.00	63.10	0.935 times
16 Thu May 2024	63.40	63.60	64.55	62.90	0.751 times
15 Wed May 2024	63.50	64.85	64.85	63.00	0.904 times
14 Tue May 2024	63.45	64.20	64.25	62.75	0.576 times
13 Mon May 2024	63.75	62.70	64.80	60.95	0.887 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 63 as stoploss in an intra day buy trade for a target of 64.76. However, stock will show a bearish move below 63.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	57.25
Downside Target	60.10
Upside Target	65.75
Upside Target	68.50
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	62.72
Downside Intraday Target	61.58
Upside Intraday Target	65.37
Upside Intraday Target	66.88
Upside Intraday Target	64.23

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	63.85	64.35	65.75	63.10	1.276 times
18 Sat May 2024	64.35	62.70	65.00	60.95	0.56 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

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
24 Fri May 2024	63.85	69.40	69.75	60.85	0.35 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 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 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 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 gaining momentum.

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

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 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 but SELL 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

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 64.08 and Gp Petroleums (GULFPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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