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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)

10 day averaged volume of Confidence Petro is 589169

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Mar 2025	49.41	50.62	51.48	49.20	1.111 times
11 Tue Mar 2025	50.59	50.11	51.22	49.45	0.751 times
10 Mon Mar 2025	51.11	53.32	53.45	50.50	1.001 times
07 Fri Mar 2025	53.68	53.10	55.05	52.70	1.412 times
06 Thu Mar 2025	53.52	52.20	54.60	52.05	1.298 times
05 Wed Mar 2025	51.41	49.11	51.79	49.10	1.068 times
04 Tue Mar 2025	49.36	49.25	51.11	48.92	1.279 times
03 Mon Mar 2025	50.12	52.89	53.58	49.00	1.241 times
28 Fri Feb 2025	52.72	55.28	55.28	52.20	0.841 times
27 Thu Feb 2025	55.46	57.75	58.14	55.10	0.617 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.3, but if it comes above 51.3, then a intra day buy could be more profitable.
If you take a sell trade below 51.3, then use 51.3 as stoploss and 45.9 as target. However if you take a buy trade in stock , then use 51.3 as stoploss and 55.79 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	48.92
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	67.68
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	47.92
Downside Intraday Target	46.44
Upside Intraday Target	52.17
Upside Intraday Target	54.94
Upside Intraday Target	50.69

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Mar 2025	49.41	53.32	53.45	49.20	0.455 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
14 Fri Feb 2025	61.47	67.00	67.68	57.61	2.858 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
12 Wed Mar 2025	49.41	52.89	55.05	48.92	0.694 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 SELL signal for Confidence Petro in short term and the sell signal is strong.

Confidence Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Confidence Petro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 51.62 and Confidence Petro (CONFIPET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.