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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 2024-09-17 View latest technical analysis

10 day averaged volume of Gp Petroleums is 1732387

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	91.37	84.98	93.48	82.60	1.875 times
16 Mon Sep 2024	83.72	87.99	88.15	83.00	0.366 times
13 Fri Sep 2024	87.04	88.28	88.55	86.30	0.34 times
12 Thu Sep 2024	87.82	85.80	92.14	85.60	1.372 times
11 Wed Sep 2024	84.81	89.15	89.61	84.10	0.492 times
10 Tue Sep 2024	88.99	88.75	92.74	88.11	2.135 times
09 Mon Sep 2024	87.65	79.70	89.80	77.00	3.119 times
06 Fri Sep 2024	79.03	80.94	81.85	77.50	0.277 times
05 Thu Sep 2024	80.32	81.00	83.00	79.20	0.22 times
04 Wed Sep 2024	80.93	81.39	83.90	80.60	0.369 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 86.8, but if it comes below 86.8, then a intra day sell could be more profitable.
If you take a sell trade below 86.8, then use 86.8 as stoploss and 80.73 as target. However if you take a buy trade in stock , then use 86.8 as stoploss and 94.1 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
Downside Target	85.60
Upside Target	92.74
Upside Target	93.48

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	84.82
Downside Intraday Target	78.27
Upside Intraday Target	95.7
Upside Intraday Target	100.03
Downside Intraday Target	89.15

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	91.37	87.99	93.48	82.60	0.3 times
13 Fri Sep 2024	87.04	79.70	92.74	77.00	3.129 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

Price has moved up 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
17 Tue Sep 2024	91.37	81.99	93.48	76.99	1.63 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, 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Gp Petroleums in short term and BUY signal is strong.

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 87.7 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.