CONFIPET NEWS why is Confidence Petro Ind Ltd. price falling or rising

CONFIPET NEWS reasons for why stock price of Confidence Petro Ind Ltd. is falling or rising

CONFIPET Confidence Petro is falling or rising technical reasons

Technical analysis forecast for Confidence Petro Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Confidence Petro CONFIPET at this time. Stock is falling and might fall more.

It appears as if Confidence Petro CONFIPET gave a large move recently.

Stock of Confidence Petro (CONFIPET) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Confidence Petro is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 87.7 as stoploss in an intra day buy trade for a target of 91.84. However, stock will show a bearish move below 87.7.

CONFIPET Confidence Petro is falling or rising NEWS fundamental reasons

Company Announcement Confidence Petroleum India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-16

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding 'Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & - NEWS as on 2024-04-10

Company Announcement - NEWS as on 2024-04-01

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding 'COMMISSIONED 3 MORE CNG STATIONS IN THE CITY OF BANGLORE TO TAKE NUMBER FROM 32 TO 35'. - NEWS as on 2024-04-01

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding 'CANCELLATION OF EXTRA-ORDINARY GENERAL MEETING SCHEDULED TO BE HELD ON THURSDAY, MARCH 28, 2023'. - NEWS as on 2024-03-27

Company Announcement Confidence Petroleum India Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-03-19

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding a press release dated February 19, 2024, titled "Press Release". - NEWS as on 2024-02-19

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding Corrigendum to Financial Result for the Quarter ended on 31st December, 2023 - NEWS as on 2024-02-16

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding allotment of 28229120 securities pursuant to Preferential Issue at its meeting held on February 15, 2024 - NEWS as on 2024-02-16

Board Meeting to discuss Financial Results/Other business matters To consider and approve the financial results for the period ended December 31, 2023 and other business matters - NEWS as on 2024-02-08

Company Announcement Confidence Petroleum India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-01-01

More announcements and NEWS

CONFIPET Confidence Petro Ind Ltd. current price & indicator signals

Moving Averages for Confidence Petro Ind Ltd.

  • 5Day Average: 89.59
  • 12Day Average: 92.77
  • 20Day Average: 90.45
  • 50Day Average: 96.84
  • 100Day Average: 93.92
  • 150Day Average: 90.78
  • 200Day Average: 88.23

CONFIPET Indicators & signals

Indicator MACD (12,26,9)

90.98, 92.42, -1.34
Indicator MACD is in negative zone

Indicator ADX (14)

15.42, 20.05, 27.36
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CONFIPET Confidence Petro Ind Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 88.85 86.70 to 89.40 0% 0.46 times
18 Thu Apr 2024 88.85 88.55 to 91.80 -0.17% 0.39 times
16 Tue Apr 2024 89.00 87.60 to 90.30 0.39% 0.49 times
15 Mon Apr 2024 88.65 87.25 to 91.60 -4.27% 0.7 times
12 Fri Apr 2024 92.60 91.85 to 93.65 -0.22% 0.59 times
10 Wed Apr 2024 92.80 91.70 to 94.15 -0.27% 0.69 times
09 Tue Apr 2024 93.05 92.70 to 96.40 -2.97% 0.64 times
08 Mon Apr 2024 95.90 95.50 to 97.95 -1.13% 0.63 times
05 Fri Apr 2024 97.00 96.65 to 100.60 -3% 0.99 times
04 Thu Apr 2024 100.00 93.60 to 102.00 7.12% 4.23 times
03 Wed Apr 2024 93.35 92.40 to 93.85 0.16% 0.64 times
02 Tue Apr 2024 93.20 90.40 to 93.50 3.15% 1 times

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CONFIPET NEWS why is Confidence Petro Ind Ltd. price falling or rising

 

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