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 |
| 14 Tue Jan 2025 | 68.99 | 66.36 to 69.50 | 3.5% | 0.76 times |
| 13 Mon Jan 2025 | 66.66 | 65.35 to 69.67 | 0% | 1.08 times |
| 13 Mon Jan 2025 | 66.66 | 65.35 to 69.67 | -4.33% | 1.08 times |
| 10 Fri Jan 2025 | 69.68 | 69.16 to 73.66 | -4.57% | 0.91 times |
| 09 Thu Jan 2025 | 73.02 | 72.35 to 74.28 | -1.1% | 0.31 times |
| 08 Wed Jan 2025 | 73.83 | 72.75 to 74.45 | 0% | 0.67 times |
| 07 Tue Jan 2025 | 73.83 | 71.71 to 76.50 | 2.23% | 1.53 times |
| 06 Mon Jan 2025 | 72.22 | 71.70 to 76.69 | -5.46% | 0.7 times |
| 03 Fri Jan 2025 | 76.39 | 75.27 to 76.90 | -0.3% | 0.85 times |
| 02 Thu Jan 2025 | 76.62 | 72.57 to 77.49 | 5.12% | 1.66 times |
| 01 Wed Jan 2025 | 72.89 | 69.71 to 73.50 | 4.17% | 1.22 times |
| 31 Tue Dec 2024 | 69.97 | 68.89 to 71.80 | -1.21% | 0.99 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 trade for tomorrow is selective. Take a sell trade only if Confidence Petro Ind Ltd. stays below 69.3, but if it comes above 69.3, then a intra day buy could be more profitable.
If you take a sell trade below 69.3, then use 69.3 as stoploss and 66.3 as target. However if you take a buy trade in Confidence Petro Ind Ltd., then use 69.3 as stoploss and 71.9 as target.