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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 2024-10-11 View latest technical analysis

10 day averaged volume of Gp Petroleums is 305188

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	78.32	78.71	80.00	77.21	0.691 times
10 Thu Oct 2024	78.71	76.95	81.00	76.84	1.792 times
09 Wed Oct 2024	76.37	77.99	79.03	75.40	0.915 times
08 Tue Oct 2024	77.11	75.99	78.40	75.63	0.653 times
07 Mon Oct 2024	76.49	80.30	80.55	74.31	0.884 times
04 Fri Oct 2024	80.11	79.30	82.00	77.00	1.466 times
03 Thu Oct 2024	78.48	79.72	82.39	77.56	0.963 times
01 Tue Oct 2024	81.59	81.40	84.01	80.25	0.825 times
30 Mon Sep 2024	80.84	83.75	83.75	80.11	0.969 times
27 Fri Sep 2024	83.31	83.50	85.35	83.00	0.746 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 78.5, but if it comes above 78.5, then a intra day buy could be more profitable.
If you take a sell trade below 78.5, then use 78.5 as stoploss and 73.5 as target. However if you take a buy trade in stock , then use 78.5 as stoploss and 82.62 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
Downside Target	76.99
Upside Target	81.00
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	74.75
Downside Intraday Target	71.19
Upside Intraday Target	81.44
Upside Intraday Target	84.57
Downside Intraday Target	77.88

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	78.32	80.30	81.00	74.31	1.169 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
11 Fri Oct 2024	78.32	81.40	84.01	74.31	0.1 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 79.14 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 positive

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