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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 2024-09-30 View latest technical analysis

10 day averaged volume of Confidence Petro is 3722538

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	86.28	87.88	88.10	85.32	0.287 times
27 Fri Sep 2024	87.83	88.80	90.00	87.05	0.199 times
26 Thu Sep 2024	88.38	87.98	89.78	87.90	0.329 times
25 Wed Sep 2024	87.06	88.56	89.80	86.61	0.331 times
24 Tue Sep 2024	88.45	92.22	92.22	88.10	0.409 times
23 Mon Sep 2024	92.23	92.50	94.70	91.81	0.441 times
20 Fri Sep 2024	91.90	91.70	93.00	90.80	0.429 times
19 Thu Sep 2024	91.13	95.64	96.69	89.60	1.293 times
18 Wed Sep 2024	95.23	95.39	98.54	93.65	2.122 times
17 Tue Sep 2024	93.64	91.58	95.55	87.71	3.555 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 86.8, but if it comes above 86.8, then a intra day buy could be more profitable.
If you take a sell trade below 86.8, then use 86.8 as stoploss and 83.8 as target. However if you take a buy trade in stock , then use 86.8 as stoploss and 89.26 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	62.55
Downside Target	77.53
Downside Target	80.49
Downside Target	84.81
Upside Target	90.90
Upside Target	91.25
Upside Target	91.45
Upside Target	93.00
Upside Target	94.70
Upside Target	94.78
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	85.03
Downside Intraday Target	83.79
Upside Intraday Target	87.81
Upside Intraday Target	89.35
Upside Intraday Target	86.57

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	86.28	87.88	88.10	85.32	0.168 times
27 Fri Sep 2024	87.83	92.50	94.70	86.61	0.206 times
20 Fri Sep 2024	91.90	90.53	98.54	87.71	4.177 times
13 Fri Sep 2024	90.78	87.50	91.25	84.81	1.267 times
06 Fri Sep 2024	86.95	89.86	90.90	86.50	0.32 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
30 Mon Sep 2024	86.28	89.86	98.54	84.81	1.25 times
30 Fri Aug 2024	90.31	88.79	93.00	80.49	0.799 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

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 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 short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Confidence Petro in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 92.52 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 positive

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