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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 2024-03-04 View latest technical analysis

10 day averaged volume of Gp Petroleums is 479093

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	84.85	74.40	86.10	74.40	20.758 times
02 Sat Mar 2024	71.75	69.00	71.85	68.45	0.487 times
01 Fri Mar 2024	68.45	67.70	69.45	67.05	0.441 times
29 Thu Feb 2024	66.75	68.25	68.45	65.55	0.366 times
28 Wed Feb 2024	67.70	71.80	71.80	66.75	0.775 times
27 Tue Feb 2024	71.15	73.50	74.80	70.75	0.365 times
26 Mon Feb 2024	72.50	75.35	75.70	71.60	0.573 times
23 Fri Feb 2024	74.55	76.45	77.30	74.35	0.774 times
22 Thu Feb 2024	75.95	74.50	77.80	72.50	1.544 times
21 Wed Feb 2024	73.90	77.10	78.80	73.10	1.716 times

Stock of Gp Petroleums (GULFPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 81.7, for a target of 76 or 71.23

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	42.45
Downside Target	51.30
Downside Target	55.50
Downside Target	60.10
Downside Target	64.00
Downside Target	65.45
Downside Target	70.80
Downside Target	74.00
Downside Target	76.55
Downside Target	78.80
Downside Target	81.45
Upside Target	86.10

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	77.47
Downside Intraday Target	70.08
Upside Intraday Target	89.17
Upside Intraday Target	93.48
Downside Intraday Target	81.78

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	84.85	74.40	86.10	74.40	6.902 times
02 Sat Mar 2024	71.75	75.35	75.70	65.55	0.367 times
23 Fri Feb 2024	74.55	75.85	78.80	70.80	2.364 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gp Petroleums (GULFPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	84.85	67.70	86.10	67.05	1.095 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
20 Fri Oct 2023	59.35	54.50	65.45	51.30	0.852 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 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Gp Petroleums in short term and the buy signal is strong.

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 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 81.75 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.