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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 2024-03-12 View latest technical analysis

10 day averaged volume of Gp Petroleums is 2242278

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	68.25	71.85	72.45	67.50	0.264 times
11 Mon Mar 2024	71.10	77.85	78.10	70.15	0.349 times
07 Thu Mar 2024	77.40	77.60	81.45	76.20	0.517 times
06 Wed Mar 2024	77.05	80.00	82.00	76.20	0.841 times
05 Tue Mar 2024	80.00	86.50	90.20	78.65	3.338 times
04 Mon Mar 2024	84.85	74.40	86.10	74.40	4.435 times
02 Sat Mar 2024	71.75	69.00	71.85	68.45	0.104 times
01 Fri Mar 2024	68.45	67.70	69.45	67.05	0.094 times
29 Thu Feb 2024	66.75	68.25	68.45	65.55	0.078 times
28 Wed Feb 2024	67.70	71.80	71.80	66.75	0.166 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 68.1 as stoploss in an intra day buy trade for a target of 72.81. However, stock will show a bearish move below 68.1.

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	67.05
Upside Target	70.80
Upside Target	74.00
Upside Target	78.10
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	64.47
Downside Intraday Target	60.68
Upside Intraday Target	75.07
Upside Intraday Target	81.88
Upside Intraday Target	71.28

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	68.25	77.85	78.10	67.50	0.067 times
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

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
12 Tue Mar 2024	68.25	67.70	90.20	67.05	2.349 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 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 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 to mid 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 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 losing 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 green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 80.63 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.