GULFPETRO | Swing trade with decent RRR.Swing Trade opportunity.
CMP: ~ 52.80( Buy @ ~ 56.30)
SL: ~ 49.75
Target: ~ 66.95 | ~ 77.55 | ~ 94.75
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advi
Key stats
Market capitalization
1.586BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
4.70
Basic EPS (TTM)
6.75INR
About GP PETROLEUMS LTD
ISIN
INE586G01017
Sector
Energy Minerals
Industry
Oil Refining/Marketing
Website
gppetroleums.co.in
CEO
Prashant Achar
Headquarters
Mumbai
Employees
274
Founded
1973
GP Petroleums Ltd. engages in formulating, manufacturing, and marketing of industrial and automotive lubricants, process oils, transformer oils, and greases. It operates through the Manufacturing and Trading segment. The Manufacturing segment includes the manufacture and marketing of lubricating oils. The Trading segment covers the trading activities through base oil and coal trading. The company was founded by Rajendra Pyarelal Sah in 1973 and is headquartered in Mumbai, India.
Range breakout in GULFPETROAs the market is not in the mood we'll put tight stop losses, and one can book partial profits at some levels.
Chart -> GULFPETRO Daily
The stock has broken a 1-year long range today, near its 200-Days moving average. Volume has also popped out.
CMP: 61.75
Targets: 67, 70, 75
SL: 57 on a two-day
GULF PETROSeems Bullish as it is trying to initiate 5th Wave. It has fantastically taken support at Golden ratio(0.618) of Wave 3rd, so it can be hoped that 4th wave formation has been completed. The expected targets are 61.90-68.75 - Long term target is 83.50.
Currently this stock is in triangle pattern once
Gulf Petroleum - CMP: 56The stock has given Triangle Pattern Breakout on the weekly chart. Increasing delivery volume indicates positive movement ahead. All oscillators are in bullish bios. We can expect an overall pattern target of 82 in the Midterm. Also, we can expect a target of 69 in the near term.
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Income Statement
Balance Sheet
Cash Flow
Earnings
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Revenue
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