#confipet #breakoutstock #momentumtrade #swingtrade #stockmarket
Confipet : 1-3 Month Trade
>> Institutional Buying Visible
>> Momentum Stock / Trending Stock
>> Good Strength & Heavy Volumes in Stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep...
Confidence Petro is seems to about to breakout of its ATH level..
CMP 103.65, Best buy above 105 closing basis
Fundamentally decent and script with good growth history...
Support below 89 for short term trade and 82 for positional trade..
DISCLOSEURE:- This post is for educational purpose only,
I am not certified SEBI RA or TA,
NSE:CONFIPET
cmp 98
the study was posted on 27th nov 2023 when the price was 91
since then it has been hovering between 80-90s
this time it appears to be prepared to make the move up
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and...
💡 Company Overview:
Confidence Petroleum India Ltd is a leading manufacturer of LPG cylinders and a prominent supplier of auto LPG in India. With an extensive network of bottling plants and Auto LPG dispensing stations across the country, the company also serves industrial and commercial clients through packed LPG cylinders.
💡 Financial Performance (2017-2023):...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 45 (if you are a short-term trader) or RSI close below 30 (if you are a long-term investor (or use any other method of your liking)
5. Some other ways to sell stocks...
Confipet taking resistance on red trend line after ATH.. Forming Cup with Handle pattern too..
Taking support and bouncing from a long term green trend line..
Risky traders buy above 81
Safe traders buy above 85
1st Target 99 2nd Target 115
SL 73 dcb
Approx time 1-1.5 month
