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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 2025-05-08 View latest technical analysis

10 day averaged volume of Confidence Petro is 383767

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	50.57	50.32	52.51	49.90	1.136 times
07 Wed May 2025	50.55	50.00	51.77	49.78	1.036 times
06 Tue May 2025	50.66	52.59	52.86	50.21	0.671 times
05 Mon May 2025	52.51	52.00	52.85	51.06	0.734 times
02 Fri May 2025	51.62	52.00	52.64	51.30	0.569 times
30 Wed Apr 2025	51.68	53.50	53.54	51.27	1.211 times
29 Tue Apr 2025	53.68	54.05	54.90	53.50	0.655 times
28 Mon Apr 2025	53.71	54.02	54.82	53.15	0.99 times
25 Fri Apr 2025	54.02	56.00	56.53	53.10	1.226 times
24 Thu Apr 2025	55.97	56.32	57.08	55.70	1.035 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 50.4 as stoploss in an intra day buy trade for a target of 52.99. However, stock will show a bearish move below 50.4.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	46.05
Downside Target	49.78
Upside Target	51.27
Upside Target	54.90
Upside Target	55.05
Upside Target	57.40
Upside Target	59.20
Upside Target	65.35
Upside Target	68.99
Upside Target	77.49

Intraday share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Intraday Target	49.28
Downside Intraday Target	47.99
Upside Intraday Target	52.36
Upside Intraday Target	54.15
Upside Intraday Target	51.07

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	50.57	52.00	52.86	49.78	1.045 times
02 Fri May 2025	51.62	54.02	54.90	51.27	0.404 times
25 Fri Apr 2025	54.02	55.55	59.20	53.10	1.066 times
17 Thu Apr 2025	55.22	52.40	57.40	52.01	1.201 times
11 Fri Apr 2025	51.78	48.39	52.14	46.75	0.661 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
08 Thu May 2025	50.57	52.00	52.86	49.78	0.116 times
30 Wed Apr 2025	51.68	46.95	59.20	46.75	0.781 times
28 Fri Mar 2025	46.92	52.89	55.05	46.05	2.27 times
28 Fri Feb 2025	52.72	66.98	68.99	52.20	0.738 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 Weak 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 moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 52.55 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.