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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 2024-09-04 View latest technical analysis

10 day averaged volume of Gp Petroleums is 1153605

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	80.93	81.39	83.90	80.60	0.554 times
03 Tue Sep 2024	82.49	78.06	85.60	77.52	1.967 times
02 Mon Sep 2024	77.61	81.99	81.99	76.99	0.311 times
30 Fri Aug 2024	80.99	78.70	82.60	76.98	1.113 times
29 Thu Aug 2024	78.20	78.60	79.32	77.51	0.291 times
28 Wed Aug 2024	79.46	80.50	83.00	79.00	1.056 times
27 Tue Aug 2024	79.69	70.73	82.90	70.02	4.549 times
26 Mon Aug 2024	70.73	72.00	72.00	70.10	0.096 times
23 Fri Aug 2024	71.05	72.60	72.60	70.58	0.112 times
22 Thu Aug 2024	71.52	71.20	72.86	71.11	0.193 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 78.5, but if it comes below 78.5, then a intra day sell could be more profitable.
If you take a sell trade below 78.5, then use 78.5 as stoploss and 73.47 as target. However if you take a buy trade in stock , then use 78.5 as stoploss and 84.6 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	76.99
Downside Target	79.00
Upside Target	81.99
Upside Target	83.00
Upside Target	85.60

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	76.75
Downside Intraday Target	72.56
Upside Intraday Target	85.36
Upside Intraday Target	89.78
Upside Intraday Target	81.17

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	80.93	81.99	85.60	76.99	0.399 times
30 Fri Aug 2024	80.99	72.00	83.00	70.02	7.611 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

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
04 Wed Sep 2024	80.93	81.99	85.60	76.99	0.254 times
30 Fri Aug 2024	80.99	78.38	83.00	61.55	0.814 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 tired and bears are picking up momentum.

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 positive zone. This is a BUY 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 79.98 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.