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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.

10 day averaged volume of Gp Petroleums is 345896

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	67.05	65.95	68.55	65.50	0.395 times
15 Mon Apr 2024	66.40	66.15	67.95	63.90	0.883 times
12 Fri Apr 2024	68.90	72.50	72.50	68.80	0.7 times
10 Wed Apr 2024	71.80	70.50	73.40	70.50	1.783 times
09 Tue Apr 2024	70.50	66.95	71.50	66.85	1.563 times
08 Mon Apr 2024	67.00	68.40	68.75	65.80	0.568 times
05 Fri Apr 2024	67.95	68.00	68.90	66.90	0.504 times
04 Thu Apr 2024	68.45	68.00	69.05	66.75	0.913 times
03 Wed Apr 2024	67.30	66.50	67.90	66.10	0.824 times
02 Tue Apr 2024	65.95	63.65	66.95	63.10	1.61 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 68.5 as stoploss in an intra day sell trade for a target of 64.88. However, stock will show a bullish move above 68.5.

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	63.90
Downside Target	65.45
Upside Target	68.55
Upside Target	69.05
Upside Target	73.40
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	64.45
Downside Intraday Target	61.85
Upside Intraday Target	69.1
Upside Intraday Target	71.15
Downside Intraday Target	66.5

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	67.05	66.15	68.55	63.90	0.277 times
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

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
16 Tue Apr 2024	67.05	62.00	73.40	61.90	0.135 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. 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.

Gp Petroleums Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 but buying is losing 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 68.56 and Gp Petroleums (GULFPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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