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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 2024-08-29 View latest technical analysis

10 day averaged volume of Gp Petroleums is 822778

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	78.20	78.60	79.32	77.51	0.408 times
28 Wed Aug 2024	79.46	80.50	83.00	79.00	1.48 times
27 Tue Aug 2024	79.69	70.73	82.90	70.02	6.377 times
26 Mon Aug 2024	70.73	72.00	72.00	70.10	0.134 times
23 Fri Aug 2024	71.05	72.60	72.60	70.58	0.156 times
22 Thu Aug 2024	71.52	71.20	72.86	71.11	0.271 times
21 Wed Aug 2024	71.10	68.50	72.43	68.50	0.44 times
20 Tue Aug 2024	68.32	69.15	69.75	67.20	0.146 times
19 Mon Aug 2024	68.86	66.62	69.72	66.62	0.296 times
16 Fri Aug 2024	66.61	68.38	68.38	66.10	0.315 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 75.6, but if it comes below 75.6, then a intra day sell could be more profitable.
If you take a sell trade below 75.6, then use 75.6 as stoploss and 71.79 as target. However if you take a buy trade in stock , then use 75.6 as stoploss and 80.2 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	59.55
Downside Target	61.55
Downside Target	65.41
Downside Target	69.75
Downside Target	71.50
Downside Target	73.40
Downside Target	74.05
Upside Target	79.00
Upside Target	81.50
Upside Target	81.99
Upside Target	83.00

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	71.15
Downside Intraday Target	64.09
Upside Intraday Target	84.13
Upside Intraday Target	90.05
Downside Intraday Target	77.07

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	78.20	72.00	83.00	70.02	6.418 times
23 Fri Aug 2024	71.05	66.62	72.86	66.62	0.96 times
16 Fri Aug 2024	66.61	71.10	73.00	65.99	0.682 times
09 Fri Aug 2024	71.61	72.00	79.00	61.55	0.672 times
02 Fri Aug 2024	75.23	81.00	81.50	74.05	0.538 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
29 Thu Aug 2024	78.20	78.38	83.00	61.55	0.733 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 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 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 losing 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 and the buying is gaining 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 77.85 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.