Confidence Petroleum India Ltd

Stage 2 · Advancing · week 24Setup 4.9 WatchStrong +6.8

As of 16 Oct 2026, Confidence Petroleum India is in Stage 2 — advancing, the uptrend phase, in week 24 (since 5 May 2026). It closed at ₹81.54, 11.3% below its 52-week high and above its 200-day average, which is rising. In Energy, 51.7% of stocks are in Stage 2.

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. More about the company

₹81.5
+0.34% today
₹2,709 Cr · Small cap
Market Neutral — FadingEnergy 51.7% in Stage 20.0 pts / 20dOil & Gas - Storage & Transportation 42.9%+14.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

4.9 Watch

Momentum

Steady

Edge

Strong +6.8

Setup-score rank among Stage 2 peers: #3 of 3 in Oil & Gas - Storage & Transportation · #10 of 15 in Energy

Is CONFIPET early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-11.3%
₹28.8 lo₹92 hi
11.3% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 24
1w13w26w
Week 24 — proven structure, sweet spot
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
36.0%
200 DMA: ₹60 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.46x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -0.5% vs MA50 +4.7%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-5.8%
3M
+11.5%
6M
+55.1%
YTD
+126.2%
1Y
+82.9%
Sector
Energy
→ Flat
Stage 2%
51.7%
20d Δ
+0.0pp
1M return
-2.8%
3M return
-7.1%
Sector Stage-2 % · last 20 days
This stock ranks #3 of 15 Stage 2 stocks in Energy by RS. Leading the sector.
Industry
Oil & Gas - Storage & Transportation
↑ Building
Stage 2%
42.9%
20d Δ
+14.3pp
1M return
+0.5%
3M return
+4.8%
Industry Stage-2 % · last 20 days
Ranks #1 of 3 Stage 2 stocks in this industry. Top stock in industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 17w
S2 22w
S4 31w
S4 35w
S2 24w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 17w → S3 3w → S2 22w → S3 3w → S4 12w → S1 9w → S4 31w → S1 9w → S4 35w → S1 4w → S2 24w current
Total tracked: 168 weeks across 11 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-14
Pullback Hunter
Latest: 2026-10-14
60 appearances in last 60 days. First seen: 2026-08-27.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 24 · Vol 0.46x
2026-10-15S2
Wk 24 · Vol 0.54x
2026-10-14S2
Wk 23 · Vol 0.41x
2026-10-13S2
Wk 23 · Vol 0.43x
2026-10-12S2
Wk 23 · Vol 0.27x
2026-10-09S2
Wk 23 · Vol 0.56x
2026-10-08S2
Wk 23 · Vol 1.02x
2026-10-07S2
Wk 22 · Vol 1.46x
2026-10-06S2
Wk 22 · Vol 0.37x
2026-10-05S2
Wk 22 · Vol 0.42x
2026-10-01S2
Wk 22 · Vol 0.76x
2026-09-30S2
Wk 22 · Vol 0.48x
Sector Peers — Stage 2All →
OILCOUNTUB
wk 9 · -8.4% from hi
8.6
GANDHAR
wk 20 · -4.6% from hi
7.4
GESHIP
wk 3 · -12.3% from hi
7.0
PETRONET
wk 9 · -9.4% from hi
6.2
DEEPINDS
wk 11 · -8.0% from hi
5.6
Moving averages & range
50 DMA
₹82.5
200 DMA
₹60
52W High
₹92
52W Low
₹28.8
5D Low
₹81.3
Resistance levels (recent highs)
20d High
₹92
60d High
₹92
120d High
₹92
250d High
₹92
Next resistance
+12.8%
to 20d High
Ask the Market AI about CONFIPETAsk →
P/E (TTM)
25.1
Forward —
Earnings Growth (YoY)
-31.5%
Revenue +99.9%
Dividend Yield
0.16%
P/B 1.5
About this companyEnergy· Oil & Gas - Storage & Transportation

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates in Cylinder and LPG divisions. The company is involved in the production and marketing of LPG and compressed natural gas cylinders. It also engages in the LPG marketing and bottling business, as well as logistic business. The company sells its products under the GO GAS brand. The company was formerly known as Devarsa Gas-Chem Ltd. and changed its name to Confidence Petroleum India Limited in February 2006. The company was founded in 1993 and is based in Nagpur, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.