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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 2024-04-04 View latest technical analysis

10 day averaged volume of Confidence Petro is 2359440

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	100.00	93.60	102.00	93.60	4.733 times
03 Wed Apr 2024	93.35	93.15	93.85	92.40	0.713 times
02 Tue Apr 2024	93.20	90.55	93.50	90.40	1.122 times
01 Mon Apr 2024	90.35	84.90	91.00	84.70	1.517 times
28 Thu Mar 2024	84.05	85.95	87.70	83.75	1.134 times
27 Wed Mar 2024	84.95	86.40	87.90	83.10	1.17 times
26 Tue Mar 2024	85.85	87.50	89.25	85.60	0.852 times
22 Fri Mar 2024	88.60	88.10	89.95	87.00	0.707 times
21 Thu Mar 2024	88.60	89.00	91.00	88.10	0.775 times
20 Wed Mar 2024	87.80	86.30	89.45	84.35	1.439 times

Stock of Confidence Petro (CONFIPET) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 98, but if it comes below 98, then a intra day sell could be more profitable.
If you take a sell trade below 98, then use 98 as stoploss and 91.7 as target. However if you take a buy trade in stock , then use 98 as stoploss and 105.5 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	82.00
Downside Target	87.50
Downside Target	89.25
Downside Target	91.50
Downside Target	94.90
Downside Target	99.40
Downside Target	99.75
Upside Target	102.00
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	89.13
Downside Intraday Target	78.27
Upside Intraday Target	106.43
Upside Intraday Target	112.87
Downside Intraday Target	95.57

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	100.00	84.90	102.00	84.70	2.562 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	100.00	84.90	102.00	84.70	0.363 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 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 Confidence Petro ( (CONFIPET) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

ADX buy sell signal for Confidence Petro stock for short term is BUY. Signal strength is Strong and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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

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 92.29 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.