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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 2024-07-16 View latest technical analysis

10 day averaged volume of Confidence Petro is 912669

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	83.61	82.92	85.25	82.60	2.427 times
15 Mon Jul 2024	82.60	81.14	83.10	80.01	1.461 times
12 Fri Jul 2024	80.81	82.14	82.35	80.60	0.534 times
11 Thu Jul 2024	81.74	80.50	83.40	80.50	1.006 times
10 Wed Jul 2024	80.10	81.49	81.75	79.18	0.885 times
09 Tue Jul 2024	81.17	80.81	83.33	80.81	0.996 times
08 Mon Jul 2024	80.88	81.73	84.55	80.50	0.841 times
05 Fri Jul 2024	81.69	82.00	83.95	81.51	1.111 times
04 Thu Jul 2024	82.55	83.90	84.40	82.30	0.868 times
03 Wed Jul 2024	83.57	81.65	84.69	81.15	1.734 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 83.2, but if it comes below 83.2, then a intra day sell could be more profitable.
If you take a sell trade below 83.2, then use 83.2 as stoploss and 82.01 as target. However if you take a buy trade in stock , then use 83.2 as stoploss and 84.6 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	79.18
Downside Target	83.10
Upside Target	85.25
Upside Target	86.30
Upside Target	86.50
Upside Target	91.45
Upside Target	102.00
Upside Target	113.15

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	80.66
Downside Intraday Target	77.72
Upside Intraday Target	85.9
Upside Intraday Target	88.2
Downside Intraday Target	82.96

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	83.61	81.14	85.25	80.01	0.912 times
12 Fri Jul 2024	80.81	81.73	84.55	79.18	0.851 times
05 Fri Jul 2024	81.69	81.89	84.69	80.24	1.404 times
28 Fri Jun 2024	81.50	84.22	86.30	80.00	0.551 times
21 Fri Jun 2024	84.30	83.00	86.50	81.00	0.7 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
16 Tue Jul 2024	83.61	81.89	85.25	79.18	0.424 times
28 Fri Jun 2024	81.50	84.00	86.50	62.55	1.344 times
31 Fri May 2024	81.70	89.80	91.45	80.70	0.507 times
30 Tue Apr 2024	89.80	84.90	102.00	84.70	0.79 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 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 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 to mid 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing 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 82.28 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.