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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 2024-06-06 View latest technical analysis

10 day averaged volume of Gp Petroleums is 150603

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	61.15	61.60	62.40	60.65	0.809 times
05 Wed Jun 2024	60.70	58.30	61.40	55.55	0.721 times
04 Tue Jun 2024	57.10	61.45	61.70	55.05	1.184 times
03 Mon Jun 2024	61.45	63.65	63.65	60.95	0.81 times
31 Fri May 2024	60.90	62.00	62.95	60.25	0.57 times
30 Thu May 2024	61.90	62.85	63.15	61.45	0.502 times
29 Wed May 2024	62.85	62.90	63.25	61.50	0.641 times
28 Tue May 2024	62.50	62.70	65.50	59.55	3.97 times
27 Mon May 2024	62.70	63.90	64.40	62.30	0.544 times
24 Fri May 2024	63.85	64.35	64.95	63.55	0.62 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 60.9 as stoploss in an intra day buy trade for a target of 62.68. However, stock will show a bearish move below 60.9.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	57.25
Downside 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	56.25
Downside Intraday Target	51.35
Upside Intraday Target	64.85
Upside Intraday Target	68.55
Downside Intraday Target	59.95

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	61.15	63.65	63.65	55.05	0.566 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 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
06 Thu Jun 2024	61.15	63.65	63.65	55.05	0.191 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above 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 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 61.57 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.