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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 2024-10-09 View latest technical analysis

10 day averaged volume of Gp Petroleums is 307776

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	76.37	77.99	79.03	75.40	0.908 times
08 Tue Oct 2024	77.11	75.99	78.40	75.63	0.648 times
07 Mon Oct 2024	76.49	80.30	80.55	74.31	0.877 times
04 Fri Oct 2024	80.11	79.30	82.00	77.00	1.453 times
03 Thu Oct 2024	78.48	79.72	82.39	77.56	0.955 times
01 Tue Oct 2024	81.59	81.40	84.01	80.25	0.818 times
30 Mon Sep 2024	80.84	83.75	83.75	80.11	0.961 times
27 Fri Sep 2024	83.31	83.50	85.35	83.00	0.74 times
26 Thu Sep 2024	83.23	85.59	85.85	82.81	0.781 times
25 Wed Sep 2024	85.24	84.25	87.50	83.22	1.517 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 79.3, but if it comes above 79.3, then a intra day buy could be more profitable.
If you take a sell trade below 79.3, then use 79.3 as stoploss and 74.4 as target. However if you take a buy trade in stock , then use 79.3 as stoploss and 83.4 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	61.55
Downside Target	65.41
Downside Target	71.50
Downside Target	74.31
Upside Target	76.99
Upside Target	80.55
Upside Target	84.01
Upside Target	88.56
Upside Target	92.74
Upside Target	93.48

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	73.6
Downside Intraday Target	70.84
Upside Intraday Target	79.84
Upside Intraday Target	83.32
Upside Intraday Target	77.08

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	76.37	80.30	80.55	74.31	0.581 times
04 Fri Oct 2024	80.11	83.75	84.01	77.00	0.748 times
27 Fri Sep 2024	83.31	87.05	88.56	82.81	0.285 times
20 Fri Sep 2024	86.23	87.99	93.48	82.60	0.468 times
13 Fri Sep 2024	87.04	79.70	92.74	77.00	3.129 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
09 Wed Oct 2024	76.37	81.40	84.01	74.31	0.069 times
30 Mon Sep 2024	80.84	81.99	93.48	76.99	1.955 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

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 to mid 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 mid to longer 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.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Gp Petroleums Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining 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 80.57 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 negative.

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