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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 2024-05-30 View latest technical analysis

10 day averaged volume of Gp Petroleums is 140700

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	61.90	62.85	63.15	61.45	0.537 times
29 Wed May 2024	62.85	62.90	63.25	61.50	0.686 times
28 Tue May 2024	62.50	62.70	65.50	59.55	4.249 times
27 Mon May 2024	62.70	63.90	64.40	62.30	0.582 times
24 Fri May 2024	63.85	64.35	64.95	63.55	0.664 times
23 Thu May 2024	64.70	65.10	65.20	63.70	0.469 times
22 Wed May 2024	64.85	64.50	65.75	63.45	1.495 times
21 Tue May 2024	63.40	64.35	64.60	63.10	0.689 times
18 Sat May 2024	64.35	64.35	64.85	63.35	0.144 times
17 Fri May 2024	64.35	63.40	65.00	63.10	0.566 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.5, but if it comes above 62.5, then a intra day buy could be more profitable.
If you take a sell trade below 62.5, then use 62.5 as stoploss and 61.1 as target. However if you take a buy trade in stock , then use 62.5 as stoploss and 63.72 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	57.25
Downside Target	59.55
Upside Target	65.50
Upside Target	65.75
Upside Target	68.50
Upside Target	69.75
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	59.13
Downside Intraday Target	56.37
Upside Intraday Target	65.08
Upside Intraday Target	68.27
Upside Intraday Target	62.32

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	61.90	63.90	65.50	59.55	1.825 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gp Petroleums (GULFPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	61.90	69.40	69.75	59.55	0.513 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 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 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 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 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

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 63.24 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.