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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 2025-03-07 View latest technical analysis

10 day averaged volume of Confidence Petro is 505710

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	53.68	53.10	55.05	52.70	1.645 times
06 Thu Mar 2025	53.52	52.20	54.60	52.05	1.512 times
05 Wed Mar 2025	51.41	49.11	51.79	49.10	1.245 times
04 Tue Mar 2025	49.36	49.25	51.11	48.92	1.49 times
03 Mon Mar 2025	50.12	52.89	53.58	49.00	1.446 times
28 Fri Feb 2025	52.72	55.28	55.28	52.20	0.979 times
27 Thu Feb 2025	55.46	57.75	58.14	55.10	0.719 times
25 Tue Feb 2025	57.46	59.00	59.28	57.10	0.574 times
24 Mon Feb 2025	58.28	59.50	59.89	58.00	0.904 times
21 Fri Feb 2025	60.25	60.89	62.31	59.78	0.63 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.1 as stoploss in an intra day buy trade for a target of 58. However, stock will show a bearish move below 53.1.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	48.92
Downside Target	52.20
Upside Target	55.05
Upside Target	57.41
Upside Target	59.89
Upside Target	62.31
Upside Target	65.35
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	50.05
Downside Intraday Target	46.42
Upside Intraday Target	56.18
Upside Intraday Target	58.68
Downside Intraday Target	52.55

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
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
07 Fri Feb 2025	67.42	66.98	68.99	66.36	0.75 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Confidence Petro (CONFIPET)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	53.68	52.89	55.05	48.92	0.477 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 53.33 and Confidence Petro (CONFIPET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.