Confidence Petroleum India technical analysis

According to the latest Pivot data, Confidence Petroleum India’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹57.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹58.14, ₹60.08, and ₹61.15, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹55.13, ₹54.06, and ₹52.12, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Confidence Petroleum India’s price movement.