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 |
| 03 Fri May 2024 | 88.70 | 87.55 to 90.50 | -1.11% | 0.95 times |
| 02 Thu May 2024 | 89.70 | 89.10 to 90.30 | -0.11% | 0.64 times |
| 30 Tue Apr 2024 | 89.80 | 89.25 to 91.30 | -0.55% | 0.62 times |
| 29 Mon Apr 2024 | 90.30 | 90.00 to 91.75 | -0.11% | 0.9 times |
| 26 Fri Apr 2024 | 90.40 | 90.10 to 92.40 | -1.09% | 1.23 times |
| 25 Thu Apr 2024 | 91.40 | 90.50 to 92.20 | 0.55% | 0.81 times |
| 24 Wed Apr 2024 | 90.90 | 90.30 to 92.70 | -0.05% | 1.64 times |
| 23 Tue Apr 2024 | 90.95 | 90.55 to 92.15 | 0.17% | 0.93 times |
| 22 Mon Apr 2024 | 90.80 | 89.90 to 92.15 | 2.19% | 1.12 times |
| 19 Fri Apr 2024 | 88.85 | 86.70 to 89.40 | 0% | 1.14 times |
| 18 Thu Apr 2024 | 88.85 | 88.55 to 91.80 | -0.17% | 0.97 times |
| 16 Tue Apr 2024 | 89.00 | 87.60 to 90.30 | 0.39% | 1.22 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...
My analysis of Confidence Petro Ind Ltd. is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 87.9 as stoploss in an intra day buy trade for a target of 90.84. However, stock will show a bearish move below 87.9.