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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 2024-08-05 View latest technical analysis

10 day averaged volume of Gp Petroleums is 699095

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	70.18	72.00	73.29	69.20	0.608 times
02 Fri Aug 2024	75.23	74.87	76.81	74.05	0.424 times
01 Thu Aug 2024	74.88	78.38	78.85	74.20	0.725 times
31 Wed Jul 2024	77.88	76.74	80.99	76.08	1.07 times
30 Tue Jul 2024	76.24	78.70	78.70	76.00	0.495 times
29 Mon Jul 2024	77.99	81.00	81.50	77.50	0.785 times
26 Fri Jul 2024	80.48	81.99	81.99	77.07	3.742 times
25 Thu Jul 2024	77.63	70.47	80.95	70.14	1.344 times
24 Wed Jul 2024	70.47	70.00	73.28	69.65	0.579 times
23 Tue Jul 2024	69.02	70.98	72.57	67.20	0.482 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 70.1 as stoploss in an intra day buy trade for a target of 73.46. However, stock will show a bearish move below 70.1.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	59.55
Downside Target	61.90
Downside Target	65.41
Downside Target	67.20
Upside Target	71.50
Upside Target	73.40
Upside Target	74.05
Upside Target	78.50
Upside Target	78.85
Upside Target	81.50
Upside Target	81.99

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	68.49
Downside Intraday Target	66.8
Upside Intraday Target	72.58
Upside Intraday Target	74.98
Upside Intraday Target	70.89

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	70.18	72.00	73.29	69.20	0.174 times
02 Fri Aug 2024	75.23	81.00	81.50	74.05	0.538 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

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
05 Mon Aug 2024	70.18	78.38	78.85	69.20	0.078 times
31 Wed Jul 2024	77.88	66.01	81.99	65.41	2.955 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

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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 77.11 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 positive

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