CONFIPET breaking out of a long weekly base with volumes, with 2 trading days left in the week, volumes should attract more attention.
Last 4 quarters, Sales and EPS growth has been good. Number of funds holding this stock has also increased in past 2 quarters. All good signs, Keep an eye out for this.
Last 4 quarters, Sales and EPS growth has been good. Number of funds holding this stock has also increased in past 2 quarters. All good signs, Keep an eye out for this.
Comment:
Feels like a shakeout is in play here. Would be interesting to see if it takes support at 21 DMA or before breaking the swing low.
Comment:
Trying again for a BO post shakeout. volumes are not very encouraging on a weekly level, but on daily there has been some volatility. One can try entering with a SL of 87 if one is interested but seeing this volatility I'll be hesitant to bet here.