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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 2024-06-13 View latest technical analysis

10 day averaged volume of Gp Petroleums is 163523

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	64.03	63.70	65.50	63.07	1.161 times
12 Wed Jun 2024	63.19	63.40	64.09	62.78	1.062 times
11 Tue Jun 2024	63.04	62.95	66.80	62.40	2.554 times
10 Mon Jun 2024	62.44	63.00	64.09	62.05	0.728 times
07 Fri Jun 2024	61.90	61.40	63.45	60.80	1.424 times
06 Thu Jun 2024	61.15	61.60	62.40	60.65	0.745 times
05 Wed Jun 2024	60.70	58.30	61.40	55.55	0.664 times
04 Tue Jun 2024	57.10	61.45	61.70	55.05	1.09 times
03 Mon Jun 2024	61.45	63.65	63.65	60.95	0.746 times
31 Fri May 2024	60.90	62.00	62.95	60.25	0.525 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 64.3 as stoploss in an intra day sell trade for a target of 62.57. However, stock will show a bullish move above 64.3.

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	66.80
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	61.79
Downside Intraday Target	59.54
Upside Intraday Target	66.54
Upside Intraday Target	69.04
Upside Intraday Target	64.29

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	64.03	63.00	66.80	62.05	1.179 times
07 Fri Jun 2024	61.90	63.65	63.65	55.05	0.814 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

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
13 Thu Jun 2024	64.03	63.65	66.80	55.05	0.599 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gp Petroleums stock for short term is BUY. 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.

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

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Gp Petroleums in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 61.87 and Gp Petroleums (GULFPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.