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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 2024-10-31 View latest technical analysis

10 day averaged volume of Gp Petroleums is 224266

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	70.45	68.90	71.00	68.03	1.368 times
30 Wed Oct 2024	68.91	66.55	69.30	65.95	0.73 times
29 Tue Oct 2024	65.90	66.80	67.32	64.15	0.623 times
28 Mon Oct 2024	65.63	67.00	67.59	64.10	1.195 times
25 Fri Oct 2024	66.53	70.39	71.35	65.82	1.052 times
24 Thu Oct 2024	70.24	70.79	71.75	69.32	0.53 times
23 Wed Oct 2024	70.02	69.80	71.78	68.05	1.002 times
22 Tue Oct 2024	69.05	75.80	75.90	68.00	2.254 times
21 Mon Oct 2024	75.30	77.90	78.33	75.00	0.886 times
18 Fri Oct 2024	77.18	78.00	78.56	75.78	0.847 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 69.1 as stoploss in an intra day buy trade for a target of 74.06. However, stock will show a bearish move below 69.1.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	61.55
Downside Target	64.10
Downside Target	65.41
Upside Target	71.00
Upside Target	74.31
Upside Target	81.00
Upside Target	81.99
Upside Target	82.07
Upside Target	83.00
Upside Target	84.01
Upside Target	93.48

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	66.03
Downside Intraday Target	61.62
Upside Intraday Target	72.93
Upside Intraday Target	75.42
Downside Intraday Target	68.52

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	70.45	67.00	71.00	64.10	0.684 times
25 Fri Oct 2024	66.53	77.90	78.33	65.82	1.318 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

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
31 Thu Oct 2024	70.45	81.40	84.01	64.10	0.224 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Gp Petroleums in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Gp Petroleums in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 69.73 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 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.