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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.

10 day averaged volume of Gp Petroleums is 291644

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	65.35	65.05	66.60	64.50	0.383 times
18 Thu Apr 2024	66.35	66.85	68.60	65.80	0.354 times
16 Tue Apr 2024	67.05	65.95	68.55	65.50	0.468 times
15 Mon Apr 2024	66.40	66.15	67.95	63.90	1.047 times
12 Fri Apr 2024	68.90	72.50	72.50	68.80	0.83 times
10 Wed Apr 2024	71.80	70.50	73.40	70.50	2.115 times
09 Tue Apr 2024	70.50	66.95	71.50	66.85	1.853 times
08 Mon Apr 2024	67.00	68.40	68.75	65.80	0.673 times
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.598 times
04 Thu Apr 2024	68.45	68.00	69.05	66.75	1.083 times

My analysis of stock is bullish for shortterm, and stock might move up till 68.7 or till 73. Use a stoploss of 65.08 and if this stock hits its stoploss, then it can fall down till 61.46

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	51.30
Downside Target	57.25
Downside Target	59.25
Downside Target	61.90
Downside Target	63.90
Upside Target	65.45
Upside Target	68.60
Upside Target	69.05
Upside Target	73.40
Upside Target	78.80
Upside Target	81.45
Upside Target	90.20

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	63.3
Downside Intraday Target	61.25
Upside Intraday Target	68
Upside Intraday Target	70.65
Upside Intraday Target	65.95

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	65.35	66.15	68.60	63.90	0.412 times
12 Fri Apr 2024	68.90	68.40	73.40	65.80	1.025 times
05 Fri Apr 2024	67.95	62.00	69.05	61.90	1.573 times
28 Thu Mar 2024	60.35	62.00	63.95	59.70	0.779 times
22 Fri Mar 2024	61.70	65.15	67.00	59.25	0.369 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
19 Fri Apr 2024	65.35	62.00	73.40	61.90	0.143 times
28 Thu Mar 2024	60.35	67.70	90.20	57.25	2.805 times
29 Thu Feb 2024	66.75	73.15	78.80	60.10	1.8 times
31 Wed Jan 2024	73.05	67.05	81.45	64.00	0.48 times

Scroll below to view daily charts

Price has moved up 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Gp Petroleums in short term but the sell signal is initial and weak.

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 69.01 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 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.