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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 2024-07-26 View latest technical analysis

10 day averaged volume of Confidence Petro is 3321854

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	89.15	93.25	93.45	88.30	1.576 times
25 Thu Jul 2024	93.45	80.59	94.78	80.14	7.078 times
24 Wed Jul 2024	81.10	80.40	81.98	80.40	0.137 times
23 Tue Jul 2024	80.57	84.50	84.55	77.53	0.514 times
22 Mon Jul 2024	81.83	78.75	82.00	78.17	0.296 times
19 Fri Jul 2024	79.23	81.50	81.50	78.80	0.241 times
18 Thu Jul 2024	81.56	84.40	84.40	81.30	0.242 times
16 Tue Jul 2024	83.61	82.92	85.25	82.60	0.667 times
15 Mon Jul 2024	82.60	81.14	83.10	80.01	0.401 times
12 Fri Jul 2024	80.81	82.14	82.35	80.60	0.147 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 89.5, for a target of 85.6 or 82.44

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	83.10
Downside Target	85.25
Downside Target	86.30
Downside Target	86.50
Upside Target	91.45
Upside Target	94.78
Upside Target	102.00
Upside Target	113.15

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	79.53
Downside Intraday Target	69.9
Upside Intraday Target	96.78
Upside Intraday Target	104.4
Downside Intraday Target	87.15

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	89.15	78.75	94.78	77.53	6.188 times
19 Fri Jul 2024	79.23	81.14	85.25	78.80	1.325 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

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
26 Fri Jul 2024	89.15	81.89	94.78	77.53	1.605 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, and volume has increased substantially. This means that the move can 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Confidence Petro stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Confidence Petro in short term and the buy signal is strong.

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 coming down

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 90.12 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 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.