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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 2025-03-19 View latest technical analysis

10 day averaged volume of Confidence Petro is 721728

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	50.68	48.50	50.89	48.50	0.895 times
18 Tue Mar 2025	48.29	46.50	49.19	46.50	1.288 times
17 Mon Mar 2025	46.50	49.99	49.99	46.05	1.523 times
13 Thu Mar 2025	48.84	49.95	50.46	48.56	0.724 times
12 Wed Mar 2025	49.41	50.62	51.48	49.20	0.907 times
11 Tue Mar 2025	50.59	50.11	51.22	49.45	0.613 times
10 Mon Mar 2025	51.11	53.32	53.45	50.50	0.817 times
07 Fri Mar 2025	53.68	53.10	55.05	52.70	1.152 times
06 Thu Mar 2025	53.52	52.20	54.60	52.05	1.06 times
05 Wed Mar 2025	51.41	49.11	51.79	49.10	0.872 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49 as stoploss in an intra day buy trade for a target of 53.28. However, stock will show a bearish move below 49.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	46.05
Downside Target	48.56
Upside Target	50.89
Upside Target	52.20
Upside Target	53.45
Upside Target	55.05
Upside Target	57.41
Upside Target	59.89
Upside Target	62.31
Upside Target	65.35
Upside Target	68.89
Upside Target	68.99
Upside Target	77.49
Upside Target	79.80
Upside Target	84.04

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	47.52
Downside Intraday Target	44.37
Upside Intraday Target	52.36
Upside Intraday Target	54.05
Downside Intraday Target	49.21

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	50.68	49.99	50.89	46.05	1.211 times
13 Thu Mar 2025	48.84	53.32	53.45	48.56	0.595 times
07 Fri Mar 2025	53.68	52.89	55.05	48.92	2.31 times
28 Fri Feb 2025	52.72	59.50	59.89	52.20	0.778 times
21 Fri Feb 2025	60.25	60.60	62.31	57.41	0.679 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
19 Wed Mar 2025	50.68	52.89	55.05	46.05	1.105 times
28 Fri Feb 2025	52.72	66.98	68.99	52.20	0.738 times
31 Fri Jan 2025	68.48	70.10	77.49	65.35	0.8 times
31 Tue Dec 2024	69.97	75.40	84.04	68.89	1.184 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 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 BUY signal for Confidence Petro in short term but the buy signal is initial and weak.

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 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 50.22 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 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 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.