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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 2024-04-01 View latest technical analysis

10 day averaged volume of Confidence Petro is 2539856

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	90.35	84.90	91.00	84.70	1.409 times
28 Thu Mar 2024	84.05	85.95	87.70	83.75	1.053 times
27 Wed Mar 2024	84.95	86.40	87.90	83.10	1.087 times
26 Tue Mar 2024	85.85	87.50	89.25	85.60	0.792 times
22 Fri Mar 2024	88.60	88.10	89.95	87.00	0.656 times
21 Thu Mar 2024	88.60	89.00	91.00	88.10	0.72 times
20 Wed Mar 2024	87.80	86.30	89.45	84.35	1.337 times
19 Tue Mar 2024	85.50	87.95	88.75	85.10	0.531 times
18 Mon Mar 2024	87.85	89.20	91.50	86.90	0.663 times
15 Fri Mar 2024	89.05	90.30	94.40	87.65	1.54 times

My analysis of stock is bearish for shortterm, and stock might move down till 84.9 or till 74.4. Use a stoploss of 93.73 and if the stock hits stoploss, then it can shoot up till 102.51

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	87.50
Downside Target	89.25
Upside Target	91.50
Upside Target	94.90
Upside Target	99.40
Upside Target	99.75
Upside Target	103.40
Upside Target	111.30
Upside Target	113.15
Upside Target	120.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	86.37
Downside Intraday Target	82.38
Upside Intraday Target	92.67
Upside Intraday Target	94.98
Downside Intraday Target	88.68

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	90.35	84.90	91.00	84.70	0.481 times
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

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 Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	90.35	84.90	91.00	84.70	0.068 times
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

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 Confidence Petro (CONFIPET)

Price action analysis of Confidence Petro ( (CONFIPET) ) 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Confidence Petro 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

Stock of Confidence Petro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.48 and Confidence Petro (CONFIPET) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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.