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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 2024-07-02 View latest technical analysis

10 day averaged volume of Gp Petroleums is 331542

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	71.42	67.47	72.50	67.31	6.94 times
01 Mon Jul 2024	67.36	66.01	67.92	65.41	0.823 times
28 Fri Jun 2024	65.83	67.15	67.89	65.22	0.359 times
27 Thu Jun 2024	67.19	67.80	69.00	66.85	0.488 times
26 Wed Jun 2024	67.20	68.60	70.13	66.50	0.576 times
25 Tue Jun 2024	68.49	70.00	70.50	68.00	0.807 times
24 Mon Jun 2024	69.22	67.83	71.50	65.93	1.594 times
21 Fri Jun 2024	67.20	67.30	68.80	66.40	0.471 times
20 Thu Jun 2024	67.28	67.80	69.69	66.89	1.089 times
19 Wed Jun 2024	67.83	68.85	69.70	67.50	1.045 times

Stock of Gp Petroleums (GULFPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.9, but if it comes below 68.9, then a intra day sell could be more profitable.
If you take a sell trade below 68.9, then use 68.9 as stoploss and 65.41 as target. However if you take a buy trade in stock , then use 68.9 as stoploss and 73 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	57.25
Downside Target	59.55
Downside Target	61.90
Downside Target	63.65
Downside Target	65.22
Downside Target	69.70
Upside Target	71.50
Upside Target	72.50
Upside Target	73.40
Upside Target	90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	67.05
Downside Intraday Target	62.69
Upside Intraday Target	74.14
Upside Intraday Target	76.87
Downside Intraday Target	69.78

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	71.42	66.01	72.50	65.41	2.03 times
28 Fri Jun 2024	65.83	67.83	71.50	65.22	0.714 times
21 Fri Jun 2024	67.20	67.25	69.70	66.40	1.159 times
14 Fri Jun 2024	66.92	63.00	67.50	62.05	2.006 times
07 Fri Jun 2024	61.90	63.65	63.65	55.05	0.814 times

Price has moved up 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
02 Tue Jul 2024	71.42	66.01	72.50	65.41	0.482 times
28 Fri Jun 2024	65.83	63.65	71.50	55.05	1.923 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

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 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Gp Petroleums in short term and the buy 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 69.59 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 positive

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