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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 2024-02-19 View latest technical analysis

10 day averaged volume of Gp Petroleums is 340268

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	73.30	75.85	75.85	72.35	1.679 times
16 Fri Feb 2024	70.10	72.65	74.00	69.50	1.389 times
15 Thu Feb 2024	69.65	65.70	70.70	65.70	1.121 times
14 Wed Feb 2024	65.35	64.30	67.95	64.30	0.634 times
13 Tue Feb 2024	66.55	61.00	67.55	60.10	0.874 times
12 Mon Feb 2024	62.05	67.30	69.85	61.20	0.857 times
09 Fri Feb 2024	68.25	72.90	73.05	66.40	1.661 times
08 Thu Feb 2024	72.30	73.15	73.60	71.25	0.48 times
07 Wed Feb 2024	73.15	72.95	74.00	72.40	0.746 times
06 Tue Feb 2024	72.50	72.30	74.95	72.05	0.948 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 74.5 as stoploss in an intra day sell trade for a target of 69.45. However, stock will show a bullish move above 74.5.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	40.15
Downside Target	42.45
Downside Target	48.40
Downside Target	51.30
Downside Target	55.50
Downside Target	57.90
Downside Target	60.10
Downside Target	64.00
Downside Target	65.45
Downside Target	72.35
Upside Target	74.00
Upside Target	75.85
Upside Target	76.55
Upside Target	78.05
Upside Target	81.45

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	71.82
Downside Intraday Target	70.33
Upside Intraday Target	75.32
Upside Intraday Target	77.33
Upside Intraday Target	73.83

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	73.30	75.85	75.85	72.35	0.344 times
16 Fri Feb 2024	70.10	67.30	74.00	60.10	0.951 times
09 Fri Feb 2024	68.25	75.75	76.55	66.40	0.271 times
02 Fri Feb 2024	75.55	67.05	81.45	64.00	1.177 times
20 Fri Oct 2023	59.35	59.00	65.45	57.90	1.808 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
19 Mon Feb 2024	73.30	73.15	78.05	60.10	0.976 times
31 Wed Jan 2024	73.05	67.05	81.45	64.00	0.48 times
20 Fri Oct 2023	59.35	54.50	65.45	51.30	0.852 times
29 Fri Sep 2023	54.35	47.70	55.50	42.45	1.795 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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gp Petroleums stock for short term is BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Gp Petroleums Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Gp Petroleums in short term and BUY 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

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 69.56 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 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 positive

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