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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 2025-05-20 View latest technical analysis

10 day averaged volume of Confidence Petro is 395879

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue May 2025	56.47	57.47	57.94	55.35	1.424 times
19 Mon May 2025	57.47	57.00	58.20	56.89	1.505 times
16 Fri May 2025	56.61	55.89	56.94	55.41	0.982 times
15 Thu May 2025	55.61	55.26	56.10	54.84	0.965 times
14 Wed May 2025	55.26	53.89	55.45	53.34	1.332 times
13 Tue May 2025	53.56	53.70	54.30	52.91	0.674 times
12 Mon May 2025	53.30	52.00	53.75	51.51	0.896 times
09 Fri May 2025	50.45	48.25	50.94	48.25	0.89 times
08 Thu May 2025	50.57	50.32	52.51	49.90	1.101 times
07 Wed May 2025	50.55	50.00	51.77	49.78	1.004 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.2, but if it comes below 56.2, then a intra day sell could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 53.87 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 59.1 as target.

Share price targets for Confidence Petro (CONFIPET)

Target Type	Value
Downside Target	46.05
Downside Target	48.25
Downside Target	51.27
Downside Target	54.90
Upside Target	56.94
Upside Target	58.20
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	55.15
Downside Intraday Target	53.82
Upside Intraday Target	58
Upside Intraday Target	59.52
Upside Intraday Target	56.67

Weekly technical analysis of Confidence Petro (CONFIPET)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue May 2025	56.47	57.00	58.20	55.35	0.604 times
16 Fri May 2025	56.61	52.00	56.94	51.51	1.112 times
09 Fri May 2025	50.45	52.00	52.86	48.25	1.313 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

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
20 Tue May 2025	56.47	52.00	58.20	48.25	0.365 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 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 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.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a short to mid 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.

Price action analysis of Confidence Petro ( (CONFIPET) ) based on a mid to longer 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.

ADX buy sell signal for Confidence Petro stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Confidence Petro in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 54.3 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 rising upwards.

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 is giving positive 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.