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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 2024-03-07 View latest technical analysis

10 day averaged volume of Gp Petroleums is 2112781

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	77.40	77.60	81.45	76.20	0.548 times
06 Wed Mar 2024	77.05	80.00	82.00	76.20	0.893 times
05 Tue Mar 2024	80.00	86.50	90.20	78.65	3.543 times
04 Mon Mar 2024	84.85	74.40	86.10	74.40	4.707 times
02 Sat Mar 2024	71.75	69.00	71.85	68.45	0.11 times
01 Fri Mar 2024	68.45	67.70	69.45	67.05	0.1 times
29 Thu Feb 2024	66.75	68.25	68.45	65.55	0.083 times
28 Wed Feb 2024	67.70	71.80	71.80	66.75	0.176 times
27 Tue Feb 2024	71.15	73.50	74.80	70.75	0.083 times
26 Mon Feb 2024	72.50	75.35	75.70	71.60	0.13 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 77.6 as stoploss in an intra day sell trade for a target of 72.27. However, stock will show a bullish move above 77.6.

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
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	71.13
Downside Intraday Target	64.87
Upside Intraday Target	86.93
Upside Intraday Target	96.47
Upside Intraday Target	80.67

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	77.40	74.40	90.20	74.40	14.211 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
07 Thu Mar 2024	77.40	67.70	90.20	67.05	2.204 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, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Gp Petroleums in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 81.13 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 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.