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 ₹31.54, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹31.93, ₹32.37, and ₹32.76, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹31.1, ₹30.71, and ₹30.27, 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.