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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 2024-03-18 View latest technical analysis

10 day averaged volume of Gp Petroleums is 2415353

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	63.25	65.15	67.00	62.45	0.166 times
15 Fri Mar 2024	64.45	64.45	67.00	61.00	0.249 times
14 Thu Mar 2024	64.45	60.45	66.60	59.75	0.272 times
13 Wed Mar 2024	59.45	68.75	70.50	57.25	0.338 times
12 Tue Mar 2024	68.25	71.85	72.45	67.50	0.245 times
11 Mon Mar 2024	71.10	77.85	78.10	70.15	0.324 times
07 Thu Mar 2024	77.40	77.60	81.45	76.20	0.48 times
06 Wed Mar 2024	77.05	80.00	82.00	76.20	0.781 times
05 Tue Mar 2024	80.00	86.50	90.20	78.65	3.099 times
04 Mon Mar 2024	84.85	74.40	86.10	74.40	4.117 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 65.4, but if it comes above 65.4, then a intra day buy could be more profitable.
If you take a sell trade below 65.4, then use 65.4 as stoploss and 58 as target. However if you take a buy trade in stock , then use 65.4 as stoploss and 71.47 as target.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	42.45
Downside Target	51.30
Downside Target	55.50
Downside Target	57.25
Downside Target	60.10
Downside Target	62.45
Upside Target	64.00
Upside Target	65.45
Upside Target	67.00
Upside Target	70.80
Upside Target	74.40
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	61.47
Downside Intraday Target	59.68
Upside Intraday Target	66.02
Upside Intraday Target	68.78
Upside Intraday Target	64.23

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	63.25	65.15	67.00	62.45	0.116 times
15 Fri Mar 2024	64.45	77.85	78.10	57.25	0.168 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

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
18 Mon Mar 2024	63.25	67.70	90.20	57.25	2.609 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 down 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 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 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 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 SELL. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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 79.29 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.