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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 2024-07-29 View latest technical analysis

10 day averaged volume of Gp Petroleums is 821565

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	77.99	81.00	81.50	77.50	0.668 times
26 Fri Jul 2024	80.48	81.99	81.99	77.07	3.184 times
25 Thu Jul 2024	77.63	70.47	80.95	70.14	1.144 times
24 Wed Jul 2024	70.47	70.00	73.28	69.65	0.493 times
23 Tue Jul 2024	69.02	70.98	72.57	67.20	0.41 times
22 Mon Jul 2024	70.50	69.80	72.41	69.00	0.301 times
19 Fri Jul 2024	70.76	73.60	73.60	70.00	0.481 times
18 Thu Jul 2024	73.66	75.70	75.90	73.28	0.388 times
16 Tue Jul 2024	75.46	76.70	78.50	75.10	1.358 times
15 Mon Jul 2024	76.20	70.85	76.95	69.52	2.056 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 75.7, but if it comes below 75.7, then a intra day sell could be more profitable.
If you take a sell trade below 75.7, then use 75.7 as stoploss and 72.43 as target. However if you take a buy trade in stock , then use 75.7 as stoploss and 79.7 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	65.41
Downside Target	67.20
Downside Target	69.52
Downside Target	71.50
Downside Target	75.00
Downside Target	77.50
Upside Target	78.50
Upside Target	81.50
Upside Target	81.99
Upside Target	90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	76.49
Downside Intraday Target	75
Upside Intraday Target	80.49
Upside Intraday Target	83
Upside Intraday Target	79

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	77.99	81.00	81.50	77.50	0.121 times
26 Fri Jul 2024	80.48	69.80	81.99	67.20	1.291 times
19 Fri Jul 2024	70.76	70.85	78.50	69.52	2.532 times
12 Fri Jul 2024	69.82	71.30	72.82	67.93	0.297 times
05 Fri Jul 2024	70.63	66.01	75.00	65.41	3.688 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
29 Mon Jul 2024	77.99	66.01	81.99	65.41	2.75 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, and volume has increased substantially. This means that the move can 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 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 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 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 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Gp Petroleums in short term but SELL 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 76.62 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.