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Confidence Petroleum India Limited

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

Live technical indicators, trading signals, and momentum insights for Confidence Petroleum India Limited.

CONFIPET.NS●NSE
EnergyOil & Gas Refining & Marketing
₹72.92
₹4.48(5.79%)
Indian Market opens in 9h 53m
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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:Bullish to Bearish Risk (RSI: 72.83)
Trend Strength:Very Strong (ADX: 46.00)
Volatility:High (ATR: 5.10)
Support/Resistance:$51.68 – $78.72 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 72.83

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 86.27

Bearish
Overbought levels may trigger pullback.

Williams %R: -13.31

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 25.65

Strongly Bullish
Strong upside momentum.

Takeaway:Confidence Petroleum India Limited shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 5.72

Bullish
Bullish, trend momentum is strengthening.

ADX: 46.00

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 5.10

High
High volatility, wide price fluctuations.

CCI (14): 130.81

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Confidence Petroleum India Limited shows overheated trend conditions, with risk of sharp pullback.

Support & Resistance indicators
Bollinger Bands
Upper Band
$78.72
Middle Band (SMA 20)
$65.20
Lower Band
$51.68
Current Position
Within Bands

Takeaway:Confidence Petroleum India Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$76.75
Middle Line (EMA 20)
$66.55
Lower Channel
$56.35
Squeeze Status
No Squeeze

Takeaway:Confidence Petroleum India Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume154.54M
Money Flow Index74.32Bullish, inflows support continued momentum.
Relative Vigor Index64.93Bullish, price momentum strongly favors buyers.

Overall Takeaway:CONFIPET.NS shows bullish money flow, with volume and vigor supporting buyers.

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.

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

Bearish Signals

No significant bearish signals detected.

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

Technical Analysis FAQ