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Confidence Petroleum India Limited

CONFIPET.NS•NSE
Energy
Oil & Gas Refining & Marketing
₹44.03
₹5.42(14.04%)
Indian Market opens in 9h 54m

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

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

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.NS Technical Analysis Summary

Confidence Petroleum India Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 59.64)
Trend Strength:Strong (ADX: 38.24)
Volatility:High (ATR: 3.16)
Support/Resistance:$26.77 – $39.16 (Bollinger Bands)

Overall, Confidence Petroleum India Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 59.64

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 74.21

Bullish
Buying momentum building without extremes.

Williams %R: -20.96

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 26.10

Strongly Bullish
Strong upside momentum.

Takeaway:Confidence Petroleum India Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 1.22

Bullish
Bullish, trend momentum is strengthening.

ADX: 38.24

Strong
Strong trend, momentum well established.

ATR (14): 3.16

Medium
Medium volatility, healthy price movement.

CCI (14): 86.50

Bullish
Bullish, momentum building upward.

Takeaway:Confidence Petroleum India Limited shows strong upward trend with solid momentum and healthy volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$39.16
Middle Band (SMA 20)
$32.97
Lower Band
$26.77
Current Position
Above Upper Band

Takeaway:Confidence Petroleum India Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$40.40
Middle Line (EMA 20)
$34.08
Lower Channel
$27.76
Squeeze Status
Squeeze On

Takeaway:Confidence Petroleum India Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume27.99M
Money Flow Index82.22Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index40.87Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CONFIPET.NS shows mixed signals in money flow analysis.

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

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Confidence Petroleum India Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

Technical Analysis FAQ