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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 2024-06-04 View latest technical analysis

10 day averaged volume of Gp Petroleums is 152656

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	57.10	61.45	61.70	55.05	1.168 times
03 Mon Jun 2024	61.45	63.65	63.65	60.95	0.799 times
31 Fri May 2024	60.90	62.00	62.95	60.25	0.563 times
30 Thu May 2024	61.90	62.85	63.15	61.45	0.495 times
29 Wed May 2024	62.85	62.90	63.25	61.50	0.632 times
28 Tue May 2024	62.50	62.70	65.50	59.55	3.917 times
27 Mon May 2024	62.70	63.90	64.40	62.30	0.536 times
24 Fri May 2024	63.85	64.35	64.95	63.55	0.612 times
23 Thu May 2024	64.70	65.10	65.20	63.70	0.433 times
22 Wed May 2024	64.85	64.50	65.75	63.45	1.378 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 59.1, for a target of 61.2 or 62.94

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Upside Target	57.25
Upside Target	59.55
Upside Target	65.00
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	90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	53.55
Downside Intraday Target	50
Upside Intraday Target	62.15
Upside Intraday Target	67.2
Upside Intraday Target	58.6

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	57.10	63.65	63.65	55.05	0.32 times
31 Fri May 2024	60.90	63.90	65.50	59.55	2.009 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

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
04 Tue Jun 2024	57.10	63.65	63.65	55.05	0.108 times
31 Fri May 2024	60.90	69.40	69.75	59.55	0.529 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

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 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 SELL signal in short term and selling is picking up 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 62.22 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.