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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 2024-04-12 View latest technical analysis

10 day averaged volume of Gp Petroleums is 368008

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	68.90	72.50	72.50	68.80	0.658 times
10 Wed Apr 2024	71.80	70.50	73.40	70.50	1.676 times
09 Tue Apr 2024	70.50	66.95	71.50	66.85	1.469 times
08 Mon Apr 2024	67.00	68.40	68.75	65.80	0.533 times
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.474 times
04 Thu Apr 2024	68.45	68.00	69.05	66.75	0.858 times
03 Wed Apr 2024	67.30	66.50	67.90	66.10	0.775 times
02 Tue Apr 2024	65.95	63.65	66.95	63.10	1.514 times
01 Mon Apr 2024	63.10	62.00	63.80	61.90	0.612 times
28 Thu Mar 2024	60.35	61.50	62.40	59.70	0.684 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.2, but if it comes below 68.2, then a intra day sell could be more profitable.
If you take a sell trade below 68.2, then use 68.2 as stoploss and 64.41 as target. However if you take a buy trade in stock , then use 68.2 as stoploss and 72.7 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
Upside Target	69.05
Upside Target	73.40
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	65.33
Downside Intraday Target	61.77
Upside Intraday Target	72.93
Upside Intraday Target	76.97
Upside Intraday Target	69.37

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	68.90	68.40	73.40	65.80	1.025 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
12 Fri Apr 2024	68.90	62.00	73.40	61.90	0.118 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 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 67.85 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.