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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 2024-11-12 View latest technical analysis

10 day averaged volume of Gp Petroleums is 346794

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	66.15	67.35	68.34	65.46	0.295 times
11 Mon Nov 2024	67.09	68.00	68.59	66.65	0.552 times
08 Fri Nov 2024	68.35	68.50	70.00	67.50	0.588 times
07 Thu Nov 2024	68.24	71.00	71.00	67.80	1.91 times
06 Wed Nov 2024	70.91	70.00	73.50	69.15	2.925 times
05 Tue Nov 2024	69.75	67.40	72.00	66.60	1.16 times
04 Mon Nov 2024	66.74	70.59	70.59	66.35	0.876 times
01 Fri Nov 2024	70.59	70.90	72.70	69.40	0.23 times
31 Thu Oct 2024	70.45	68.90	71.00	68.03	0.885 times
30 Wed Oct 2024	68.91	66.55	69.30	65.95	0.472 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 66.1 as stoploss in an intra day buy trade for a target of 70.3. However, stock will show a bearish move below 66.1.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	61.55
Downside Target	64.10
Downside Target	65.41
Upside Target	68.59
Upside Target	72.70
Upside Target	75.78
Upside Target	76.99
Upside Target	78.33
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	64.88
Downside Intraday Target	63.6
Upside Intraday Target	68.01
Upside Intraday Target	69.86
Upside Intraday Target	66.73

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	66.15	68.00	68.59	65.46	0.114 times
08 Fri Nov 2024	68.35	70.59	73.50	66.35	2.699 times
01 Fri Nov 2024	70.59	67.00	72.70	64.10	0.746 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

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
12 Tue Nov 2024	66.15	70.90	73.50	65.46	0.525 times
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

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 SELL signal in short term but selling is losing 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 69.24 and Gp Petroleums (GULFPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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