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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 2024-04-09 View latest technical analysis

10 day averaged volume of Gp Petroleums is 291035

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	70.50	66.95	71.50	66.85	1.857 times
08 Mon Apr 2024	67.00	68.40	68.75	65.80	0.674 times
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.599 times
04 Thu Apr 2024	68.45	68.00	69.05	66.75	1.085 times
03 Wed Apr 2024	67.30	66.50	67.90	66.10	0.98 times
02 Tue Apr 2024	65.95	63.65	66.95	63.10	1.914 times
01 Mon Apr 2024	63.10	62.00	63.80	61.90	0.774 times
28 Thu Mar 2024	60.35	61.50	62.40	59.70	0.865 times
27 Wed Mar 2024	61.00	61.40	63.95	60.25	1.776 times
26 Tue Mar 2024	60.20	62.00	62.00	59.85	0.762 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68, but if it comes below 68, then a intra day sell could be more profitable.
If you take a sell trade below 68, then use 68 as stoploss and 64.34 as target. However if you take a buy trade in stock , then use 68 as stoploss and 72.4 as target.

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	69.05
Upside Target	71.50
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	67.03
Downside Intraday Target	63.57
Upside Intraday Target	72.73
Upside Intraday Target	74.97
Downside Intraday Target	69.27

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	70.50	68.40	71.50	65.80	0.473 times
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

Price has moved up 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
09 Tue Apr 2024	70.50	62.00	71.50	61.90	0.086 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 65.43 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.