*Confidence Petroleum India Ltd* Rising C&H; Formation on Yearly Basis. Upper Priceline BreakOut Needed & Sustained. Then Good to Go!!! Vol. Accumulation observed. RSI: 1H W >M EMA: Widening Gaps amongst 20/50/100/200 on Weekly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* Snapshot: 30 Yrs Vintage. 16 Cylinder Mfg. Units / 209 ALDS / 58 LPG...
Has given a weekly breakoutnof the Gann levels at 101.45 which is going to be the SL just below this level More volumes are being seen in this month Targets are marked as per the blue horizontal lines
Overview: CONFIPET appears to present an enticing opportunity for swing traders, characterized by encouraging bullish volumes and robust financial results. The combination of positive market sentiment and promising fundamentals positions CONFIPET as a potential candidate for traders seeking short to medium-term gains. Bullish Volumes: Recent trading activity in...
📈 At the Verge of a Breakout! 🚀 📉 After completing an ABC correction structure in the Intermediate wave, this stock is now poised to break out of a pole and flag pattern. 📊 🚀 A successful breakout could potentially lift prices by 20%-25% in the very near term. 📈 💹 Currently trading 18% down from its high, this breakout signals a promising opportunity for...
CONFIDENCE PETRO LTD Bounce from Trendline May touch 89-90 Levels
Confidence Petro CMP - 97.75 / Positional Trade *Buy Between 96 - 98 RS Range / Strict Stop Loss 81* Target 1 - 105 Target 2 - 120 Target 3 - 135 / 150 Disclaimer: This is my view and for educational purpose only.
I have already entered the trade. I have presented my trade charts here to track progress. This is not a buy sell/ recommendation. If it can sustain current price then we can see a reversal, mid day right now and candle is forming an inverse hammer. Buyers are dominant at that price level. Lets see how this trade turns out. NSE:CONFIPET
The stock is in a ascending triangle setup on weekly timeframe. The 90-95 zone has been providing some resistance for the stock since 2021 and preventing it from launching above the INR 100 mark. But this 90-95 supply zone is now getting weaker since the constant rising demand for this stock wont let it dip below its previous lows every time and it is thus...
Hello Friends, Confidence Petro IND LTD making a triple rounding bottom with substantial increase in volume, immediate support lies at 82.5/- Gap-up candle on 13th November and successful retest on 20th November assures support. Also you can observe big bullish bars with Pumped up volumes. I will personally add in tranches.
Introduction: The stock has been on a wild ride, surging to an all-time high of 96.65 before plummeting to an all-time low of 44. The recent bounce from the 0.786 Fibonacci retracement level has caught my attention, and I believe it could be a potential buying opportunity for savvy investors. In this blog post, I will delve deeper into my analysis and explain...
CONFIPET making triangular pattern still in consolidation channel best entry point is point D range for long term investment . As fundamentals of stock is weak the scrip cant be a multi bagger but can promise good returns when invested with TA.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis) Please consider these ideas for educational purposes.
Confidence Petro (Swing): A 30-50% up move is on the cards for swing. Keep adding in chunks while script ranges around demand (green) zone. Appropriate target is highlighted. As fundamentals are strong, one can also hold for multi-bagging opportunity. Note: Do your own due diligence before taking any action. I would be posting updates for this chart in the...
Stock showing momentum with good technical and strong fundamentals so we have considered this stock for momentum trading but this only a analysis not a recommendation so always remember your Stop 🛑 loss and risk management
CONFIPET breaking out of Monthly Trendline as well as surpassed its previous ATH of 95.4 today. Obviously, the psychological level of 100 would act as a resistance. If it crossed 100lvl and holds on the daily, will enter with a STOP below 99 on daily close. Initial Targets for me would be 110/115 To be clear, No entry as of now for me. I will take a position...
CONFIPET Prediction for Swing / Positional Trading First breakout at Entry 1 level. This entry 1 level was retested. Now it is ready for Entry 2 above 95.5 close daily basis or you can entry according to your experience. Entry 1 level can be restested again before final breakout. SL- 82 Targets- 101,112,119,130,137,137,148,… According to your “STOMACH”...
Breakout with huge volume in confidence petro, if stays over 89 then 100-110 possible in short term and 150 in longterm. stock currently trading at PE of 22 ,market cap 2377, roe-11.22%
Spiral move confirmed. I believe it will cross 110, as per my understanding. No advice to trade or invest.