Stock analysis Confidence Petro Ind Ltd. CONFIPET
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Recent prices of CONFIPET Confidence Petro Ind Ltd. are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 27 Fri Jun 2025 | 50.41 | 49.95 to 55.38 | -8.99% | 12.05 times |
| 26 Thu Jun 2025 | 55.39 | 54.85 to 58.30 | -2.81% | 2.15 times |
| 25 Wed Jun 2025 | 56.99 | 56.50 to 58.91 | -0.31% | 1.79 times |
| 24 Tue Jun 2025 | 57.17 | 56.90 to 58.32 | 1.47% | 0.55 times |
| 23 Mon Jun 2025 | 56.34 | 55.53 to 56.74 | -0.34% | 0.43 times |
| 20 Fri Jun 2025 | 56.53 | 56.08 to 57.37 | 0.61% | 0.59 times |
| 19 Thu Jun 2025 | 56.19 | 56.00 to 59.01 | -4.28% | 0.8 times |
| 18 Wed Jun 2025 | 58.70 | 56.51 to 59.38 | 2.96% | 1.24 times |
| 17 Tue Jun 2025 | 57.01 | 56.80 to 58.62 | -0.99% | 0.73 times |
| 16 Mon Jun 2025 | 57.58 | 57.30 to 59.59 | -3.1% | 0.95 times |
| 13 Fri Jun 2025 | 59.42 | 57.66 to 59.95 | 0.07% | 0.77 times |
| 12 Thu Jun 2025 | 59.38 | 59.03 to 61.64 | -3.07% | 1.08 times |
Technical analysis forecast for Confidence Petro Ind Ltd. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Confidence Petro Ind Ltd. CONFIPET at this time. Stock is falling and might fall more.
It appears as if Confidence Petro Ind Ltd. CONFIPET gave a large move recently.
Stock of Confidence Petro Ind Ltd. (CONFIPET) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
Although my analysis for Confidence Petro Ind Ltd. is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 51.5, for a target of 54.5 or 57.02