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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 2025-02-24 View latest technical analysis

10 day averaged volume of Confidence Petro is 510663

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	58.28	59.50	59.89	58.00	0.895 times
21 Fri Feb 2025	60.25	60.89	62.31	59.78	0.624 times
20 Thu Feb 2025	60.37	59.26	61.23	59.26	0.497 times
19 Wed Feb 2025	59.48	57.78	60.59	57.78	0.559 times
18 Tue Feb 2025	58.15	58.57	60.93	57.41	1.136 times
17 Mon Feb 2025	58.46	60.60	61.25	58.10	1.229 times
14 Fri Feb 2025	61.47	62.20	63.79	59.40	1.464 times
13 Thu Feb 2025	64.07	60.79	66.58	60.58	1.547 times
12 Wed Feb 2025	60.50	62.27	62.48	57.61	1.193 times
11 Tue Feb 2025	62.05	66.29	66.39	61.70	1.263 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60, but if it comes above 60, then a intra day buy could be more profitable.
If you take a sell trade below 60, then use 60 as stoploss and 55.4 as target. However if you take a buy trade in stock , then use 60 as stoploss and 63.96 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	57.41
Upside Target	59.89
Upside Target	62.31
Upside Target	65.35
Upside Target	68.99
Upside Target	69.97
Upside Target	75.64
Upside Target	77.49
Upside Target	79.80
Upside Target	84.04
Upside Target	90.00

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	57.56
Downside Intraday Target	56.83
Upside Intraday Target	59.45
Upside Intraday Target	60.61
Upside Intraday Target	58.72

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	58.28	59.50	59.89	58.00	0.221 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
07 Fri Feb 2025	67.42	66.98	68.99	66.36	0.75 times
31 Fri Jan 2025	68.48	68.90	69.97	65.80	0.839 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
24 Mon Feb 2025	58.28	66.98	68.99	57.41	0.629 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
29 Fri Nov 2024	75.20	78.29	79.80	65.51	0.602 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 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 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 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 and selling is picking up 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 60.59 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.