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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 2024-04-05 View latest technical analysis

10 day averaged volume of Gp Petroleums is 300077

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.581 times
04 Thu Apr 2024	68.45	68.00	69.05	66.75	1.052 times
03 Wed Apr 2024	67.30	66.50	67.90	66.10	0.95 times
02 Tue Apr 2024	65.95	63.65	66.95	63.10	1.856 times
01 Mon Apr 2024	63.10	62.00	63.80	61.90	0.751 times
28 Thu Mar 2024	60.35	61.50	62.40	59.70	0.839 times
27 Wed Mar 2024	61.00	61.40	63.95	60.25	1.723 times
26 Tue Mar 2024	60.20	62.00	62.00	59.85	0.739 times
22 Fri Mar 2024	61.70	62.50	62.65	61.10	0.553 times
21 Thu Mar 2024	61.95	60.80	62.60	60.80	0.75 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 70.4 as stoploss in an intra day sell trade for a target of 65.19. However, stock will show a bullish move above 70.4.

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	51.30
Downside Target	57.25
Downside Target	59.25
Downside Target	61.90
Downside Target	63.95
Downside Target	65.45
Downside Target	67.00
Upside Target	69.05
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	63.55
Downside Intraday Target	59.15
Upside Intraday Target	70.7
Upside Intraday Target	73.45
Downside Intraday Target	66.3

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	67.95	62.00	69.05	61.90	1.573 times
28 Thu Mar 2024	60.35	62.00	63.95	59.70	0.779 times
22 Fri Mar 2024	61.70	65.15	67.00	59.25	0.369 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

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
05 Fri Apr 2024	67.95	62.00	69.05	61.90	0.059 times
28 Thu Mar 2024	60.35	67.70	90.20	57.25	2.805 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

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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Gp Petroleums in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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 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 63.92 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 negative.

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