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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 2024-11-27 View latest technical analysis

10 day averaged volume of Gp Petroleums is 158509

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	62.01	62.50	63.24	61.31	1.461 times
26 Tue Nov 2024	61.80	62.60	63.48	61.11	0.78 times
25 Mon Nov 2024	61.76	62.10	64.80	60.62	1.453 times
22 Fri Nov 2024	61.24	61.95	62.69	59.61	1.13 times
21 Thu Nov 2024	61.16	63.20	64.02	60.12	1.086 times
19 Tue Nov 2024	64.03	63.99	66.10	63.43	0.987 times
18 Mon Nov 2024	63.44	63.50	64.98	61.72	0.909 times
14 Thu Nov 2024	64.10	64.25	65.84	63.21	0.747 times
13 Wed Nov 2024	64.02	66.35	67.25	62.40	1.053 times
12 Tue Nov 2024	66.15	67.35	68.34	65.46	0.646 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.6, but if it comes above 62.6, then a intra day buy could be more profitable.
If you take a sell trade below 62.6, then use 62.6 as stoploss and 58.6 as target. However if you take a buy trade in stock , then use 62.6 as stoploss and 65.83 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	59.61
Upside Target	64.10
Upside Target	68.59
Upside Target	72.70
Upside Target	73.50
Upside Target	76.99
Upside Target	81.99
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	60.15
Downside Intraday Target	58.3
Upside Intraday Target	64.33
Upside Intraday Target	66.66
Upside Intraday Target	62.48

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	62.01	62.10	64.80	60.62	0.899 times
22 Fri Nov 2024	61.24	63.50	66.10	59.61	1.125 times
14 Thu Nov 2024	64.10	68.00	68.59	62.40	0.224 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

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
27 Wed Nov 2024	62.01	70.90	73.50	59.61	0.796 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 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 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.

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 below 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 62.72 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.