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(CONFIPET) Confidence Petro complete technical analysis [charts+indicators] | Buy/Sell Confidence Petro | (CONFIPET) share price targets

Complete technical analysis of Confidence Petro (CONFIPET) by charts plus indicators, forecast predictions and share price targets for Confidence Petro (CONFIPET)

Showing technical analysis as on 2024-03-28 View latest technical analysis

10 day averaged volume of Confidence Petro is 2779893

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	84.05	85.95	87.70	83.75	0.962 times
27 Wed Mar 2024	84.95	86.40	87.90	83.10	0.993 times
26 Tue Mar 2024	85.85	87.50	89.25	85.60	0.723 times
22 Fri Mar 2024	88.60	88.10	89.95	87.00	0.6 times
21 Thu Mar 2024	88.60	89.00	91.00	88.10	0.658 times
20 Wed Mar 2024	87.80	86.30	89.45	84.35	1.222 times
19 Tue Mar 2024	85.50	87.95	88.75	85.10	0.485 times
18 Mon Mar 2024	87.85	89.20	91.50	86.90	0.606 times
15 Fri Mar 2024	89.05	90.30	94.40	87.65	1.407 times
14 Thu Mar 2024	90.70	85.00	92.95	83.90	1.481 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 85.3, but if it comes above 85.3, then a intra day buy could be more profitable.
If you take a sell trade below 85.3, then use 85.3 as stoploss and 74.2 as target. However if you take a buy trade in stock , then use 85.3 as stoploss and 94.62 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	77.65
Downside Target	82.00
Upside Target	87.50
Upside Target	89.25
Upside Target	91.50
Upside Target	94.90
Upside Target	99.40
Upside Target	103.40
Upside Target	104.90
Upside Target	105.60
Upside Target	111.30
Upside Target	113.15
Upside Target	117.40
Upside Target	120.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	81.68
Downside Intraday Target	79.32
Upside Intraday Target	87.83
Upside Intraday Target	91.62
Upside Intraday Target	85.47

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	84.05	87.50	89.25	83.10	0.75 times
22 Fri Mar 2024	88.60	89.20	91.50	84.35	0.513 times
15 Fri Mar 2024	89.05	102.15	103.40	83.90	1.732 times
07 Thu Mar 2024	100.80	110.75	111.30	99.75	0.413 times
02 Sat Mar 2024	110.15	110.50	117.40	105.60	0.359 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 Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	84.05	109.10	113.15	83.10	0.289 times
29 Thu Feb 2024	108.20	85.65	120.00	84.15	5.118 times
31 Wed Jan 2024	85.25	89.80	94.90	82.00	0.848 times
29 Fri Dec 2023	89.60	97.50	99.40	87.50	0.668 times

Scroll below to view daily charts

Price has moved down 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 Confidence Petro (CONFIPET)

Price action analysis of Confidence Petro ( (CONFIPET) ) 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 Confidence Petro ( (CONFIPET) ) based on a short 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.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid 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.

Price action analysis of Confidence Petro ( (CONFIPET) ) 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 Confidence Petro stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Confidence Petro in short term and the sell signal is strong.

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Confidence Petro in short term and SELL 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 Confidence Petro is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.59 and Confidence Petro (CONFIPET) 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 Confidence Petro (CONFIPET) stock. Volume based technical analysis of Confidence Petro (CONFIPET) stock is negative.

Confidence Petro Stock has given negative 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.