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Confidence Petroleum India Limited

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

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

CONFIPET.BO●BSE
EnergyOil & Gas Refining & Marketing
₹72.84
₹2.87(3.79%)
Indian Market opens in 7h 31m
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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.BO 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: 71.83)
Trend Strength:Very Strong (ADX: 46.89)
Volatility:High (ATR: 5.06)
Support/Resistance:$51.91 – $78.67 (Bollinger Bands)

Technical conditions suggest Confidence Petroleum India Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 71.83

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 86.12

Bearish
Overbought levels may trigger pullback.

Williams %R: -12.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 25.08

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: 5.71

Bullish
Bullish, trend momentum is strengthening.

ADX: 46.89

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 5.06

High
High volatility, wide price fluctuations.

CCI (14): 131.94

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
$78.67
Middle Band (SMA 20)
$65.29
Lower Band
$51.91
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$76.72
Middle Line (EMA 20)
$66.59
Lower Channel
$56.47
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 Volume8.30M
Money Flow Index84.93Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index48.86Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CONFIPET.BO 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

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