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Confidence Petroleum India Limited

CONFIPET.BO•BSE
Energy
Oil & Gas Refining & Marketing
₹31.65
₹0.00(0.00%)
Indian Market opens in 9h 56m

Confidence Petroleum India Limited (CONFIPET.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Confidence Petroleum India Limited (BSE:CONFIPET.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CONFIPET.BO Technical Analysis Summary

Confidence Petroleum India Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.56)
Trend Strength:Weak (ADX: 18.43)
Volatility:Medium (ATR: 1.38)
Support/Resistance:$30.49 – $34.49 (Bollinger Bands)

This mix signals that Confidence Petroleum India Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 42.56

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 23.97

Bearish
Momentum remains weak below midpoint.

Williams %R: -81.90

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -0.13

Neutral
Price change is minimal.

Takeaway:Confidence Petroleum India Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.47

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 18.43

Weak
Weak trend, market trading sideways.

ATR (14): 1.38

Low
Low volatility, stable price action.

CCI (14): -97.57

Bearish
Bearish, momentum remains under pressure.

Takeaway:Confidence Petroleum India Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$34.49
Middle Band (SMA 20)
$32.49
Lower Band
$30.49
Current Position
Within Bands

Takeaway:Confidence Petroleum India Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$35.39
Middle Line (EMA 20)
$32.62
Lower Channel
$29.86
Squeeze Status
Squeeze On

Takeaway:Confidence Petroleum India Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-584.96K
Money Flow Index39.20Bearish, selling pressure outweighs inflows.
Relative Vigor Index25.72Bearish, price momentum favors sellers.

Overall Takeaway:CONFIPET.BO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Confidence Petroleum India Limited, here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Confidence Petroleum India Limited are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ