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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 2024-12-30 View latest technical analysis

10 day averaged volume of Confidence Petro is 514757

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	70.83	72.61	73.19	70.61	0.727 times
27 Fri Dec 2024	72.21	71.30	74.00	69.65	1.344 times
26 Thu Dec 2024	71.08	71.99	72.97	70.87	0.619 times
24 Tue Dec 2024	71.54	71.86	74.19	71.10	1.175 times
23 Mon Dec 2024	71.86	72.00	74.84	71.50	0.99 times
20 Fri Dec 2024	71.99	73.40	73.59	71.20	0.775 times
19 Thu Dec 2024	72.87	72.50	74.54	72.20	1.158 times
18 Wed Dec 2024	73.85	76.50	76.80	73.51	1.119 times
17 Tue Dec 2024	76.86	77.16	78.03	76.10	0.606 times
16 Mon Dec 2024	77.20	77.24	78.50	76.60	0.768 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72.4, but if it comes above 72.4, then a intra day buy could be more profitable.
If you take a sell trade below 72.4, then use 72.4 as stoploss and 68.2 as target. However if you take a buy trade in stock , then use 72.4 as stoploss and 75.86 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	65.51
Downside Target	69.65
Upside Target	73.19
Upside Target	78.50
Upside Target	79.80
Upside Target	80.49
Upside Target	84.04
Upside Target	84.81
Upside Target	90.00
Upside Target	93.00
Upside Target	98.54

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	69.9
Downside Intraday Target	68.96
Upside Intraday Target	72.48
Upside Intraday Target	74.12
Upside Intraday Target	71.54

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	70.83	72.61	73.19	70.61	0.176 times
27 Fri Dec 2024	72.21	72.00	74.84	69.65	0.933 times
20 Fri Dec 2024	71.99	77.24	78.50	71.20	0.472 times
13 Fri Dec 2024	77.08	78.73	84.04	76.61	1.633 times
06 Fri Dec 2024	78.50	75.40	79.46	74.18	0.904 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 Dec 2024	70.83	75.40	84.04	69.65	1.129 times
29 Fri Nov 2024	75.20	78.29	79.80	65.51	0.602 times
31 Thu Oct 2024	77.85	86.95	90.00	75.64	0.359 times
30 Mon Sep 2024	86.28	89.86	98.54	84.81	1.25 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 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 gaining 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 weakening, and bulls are picking up momentum!

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 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 72.88 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.