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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 2024-10-22 View latest technical analysis

10 day averaged volume of Gp Petroleums is 240882

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	69.05	75.80	75.90	68.00	2.098 times
21 Mon Oct 2024	75.30	77.90	78.33	75.00	0.825 times
18 Fri Oct 2024	77.18	78.00	78.56	75.78	0.789 times
17 Thu Oct 2024	78.59	80.36	81.09	78.15	0.819 times
16 Wed Oct 2024	80.36	77.00	82.07	76.61	1.43 times
15 Tue Oct 2024	77.40	78.80	79.79	77.00	0.545 times
14 Mon Oct 2024	78.54	78.80	80.98	77.79	0.46 times
11 Fri Oct 2024	78.32	78.71	80.00	77.21	0.875 times
10 Thu Oct 2024	78.71	76.95	81.00	76.84	2.271 times
09 Wed Oct 2024	76.37	77.99	79.03	75.40	1.16 times

Stock of Gp Petroleums (GULFPETRO) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 71.3, for a target of 75.5 or 78.99

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	61.55
Downside Target	65.41
Downside Target	68.00
Upside Target	71.50
Upside Target	74.31
Upside Target	81.00
Upside Target	82.81
Upside Target	83.00
Upside Target	84.01
Upside Target	88.56
Upside Target	93.48

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	65.26
Downside Intraday Target	61.46
Upside Intraday Target	75.59
Upside Intraday Target	82.12
Upside Intraday Target	71.79

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	69.05	77.90	78.33	68.00	0.723 times
18 Fri Oct 2024	77.18	78.80	82.07	75.78	0.646 times
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

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
22 Tue Oct 2024	69.05	81.40	84.01	68.00	0.166 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 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 Strong and stock is gaining 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 red color and prices are below the red 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 76.41 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.