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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 2024-09-11 View latest technical analysis

10 day averaged volume of Gp Petroleums is 1606745

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	84.81	89.15	89.61	84.10	0.53 times
10 Tue Sep 2024	88.99	88.75	92.74	88.11	2.302 times
09 Mon Sep 2024	87.65	79.70	89.80	77.00	3.363 times
06 Fri Sep 2024	79.03	80.94	81.85	77.50	0.299 times
05 Thu Sep 2024	80.32	81.00	83.00	79.20	0.237 times
04 Wed Sep 2024	80.93	81.39	83.90	80.60	0.398 times
03 Tue Sep 2024	82.49	78.06	85.60	77.52	1.412 times
02 Mon Sep 2024	77.61	81.99	81.99	76.99	0.223 times
30 Fri Aug 2024	80.99	78.70	82.60	76.98	0.799 times
29 Thu Aug 2024	78.20	78.60	79.32	77.51	0.209 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 83.5, but if it comes below 83.5, then a intra day sell could be more profitable.
If you take a sell trade below 83.5, then use 83.5 as stoploss and 76.75 as target. However if you take a buy trade in stock , then use 83.5 as stoploss and 91.6 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	81.99
Downside Target	83.00
Upside Target	85.60
Upside Target	92.74

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	76.96
Downside Intraday Target	69.11
Upside Intraday Target	92.7
Upside Intraday Target	100.59
Upside Intraday Target	84.85

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	84.81	79.70	92.74	77.00	2.411 times
06 Fri Sep 2024	79.03	81.99	85.60	76.99	0.504 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

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
11 Wed Sep 2024	84.81	81.99	92.74	76.99	1.097 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 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 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 but buying is losing 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 85.37 and Gp Petroleums (GULFPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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.