CONFIPET technical summary

At ₹59.57, Confidence Petroleum India Ltd is trading 27.7% below its 50-day average of ₹82.38 and 5.0% below its 200-day average of ₹62.73. The 14-day RSI is 21.1, in oversold territory (30 or below). MACD is -5.20 against a signal line of -3.19, so the MACD line sits below its signal line. ADX(14) reads 29.9, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹28.06 to ₹93.2, with the price 48% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹64.74, resistance ₹70.46 and ₹73.32, support ₹61.88 and ₹56.16.