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Confidence Petroleum India Limited

CONFIPET.BO Technical Analysis Summary (BSE)

Analyze CONFIPET.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CONFIPET.BO●BSE
EnergyOil & Gas Refining & Marketing
₹72.39
₹1.88(2.53%)
Indian Market opens in 5h 37m

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 (BSE)

Confidence Petroleum India Limited (BSE: CONFIPET.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.29)
Trend Strength:Weak (ADX: 16.20)
Volatility:High (ATR: 4.47)
Support/Resistance:$68.65 – $85.10 (Bollinger Bands)

Technical conditions suggest Confidence Petroleum India Limited on the BSE is awaiting a decisive move. This mix signals that Confidence Petroleum India Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 44.29

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 24.39

Bearish
Momentum remains weak below midpoint.

Williams %R: -79.51

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -11.72

Strongly Bearish
Sharp downside momentum.

Takeaway:Confidence Petroleum India Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.92

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 16.20

Weak
Weak trend, market trading sideways.

ATR (14): 4.47

Medium
Medium volatility, healthy price movement.

CCI (14): -36.49

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
$85.10
Middle Band (SMA 20)
$76.87
Lower Band
$68.65
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$84.05
Middle Line (EMA 20)
$75.12
Lower Channel
$66.18
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 Volume1.54M
Money Flow Index49.20Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.37Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CONFIPET.BO shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of Confidence Petroleum India Limited (BSE: CONFIPET.BO), 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.

(BSE: CONFIPET.BO) Technical Analysis FAQ