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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 2024-08-02 View latest technical analysis

10 day averaged volume of Confidence Petro is 4037511

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	88.58	86.10	89.00	86.10	0.387 times
01 Thu Aug 2024	87.96	88.79	90.90	87.51	0.405 times
31 Wed Jul 2024	88.39	89.85	90.16	88.10	0.226 times
30 Tue Jul 2024	89.10	87.85	92.00	87.45	0.732 times
29 Mon Jul 2024	87.76	89.75	90.61	87.20	0.539 times
26 Fri Jul 2024	89.15	93.25	93.45	88.30	1.297 times
25 Thu Jul 2024	93.45	80.59	94.78	80.14	5.824 times
24 Wed Jul 2024	81.10	80.40	81.98	80.40	0.113 times
23 Tue Jul 2024	80.57	84.50	84.55	77.53	0.423 times
22 Mon Jul 2024	81.83	78.75	82.00	78.17	0.243 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 88.1, but if it comes below 88.1, then a intra day sell could be more profitable.
If you take a sell trade below 88.1, then use 88.1 as stoploss and 84.06 as target. However if you take a buy trade in stock , then use 88.1 as stoploss and 92.9 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	84.55
Downside Target	86.10
Downside Target	86.50
Upside Target	90.90
Upside Target	91.45
Upside Target	92.00
Upside Target	94.78
Upside Target	102.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	85.79
Downside Intraday Target	82.99
Upside Intraday Target	91.69
Upside Intraday Target	94.79
Upside Intraday Target	88.89

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	88.58	89.75	92.00	86.10	0.29 times
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

Price has moved down 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
02 Fri Aug 2024	88.58	88.79	90.90	86.10	0.062 times
31 Wed Jul 2024	88.39	81.89	94.78	77.53	1.818 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Confidence Petro in short term but SELL signal is weak.

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 90.82 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.