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Confidencepetro

Confidence Petroleum : Momentum Stock#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 showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:CONFIPETLong
by moneyfesttrading
CONFIPET review - It seems to be positioned to move upNSE: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 is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:CONFIPETLong
by ajaykalashi
Confidence Petroleum India Ltd : Stock Analysis💡 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): Over the years, the company's net profit has demonstrated a steady growth trajectory. This consistent increase is attributed to rising sales, indicative of a healthy operation. A gradual profit rise, rather than sudden spikes, signifies the company's stability and sustained market presence. 💡 Institutional Interest: Recent stake additions by Domestic Institutional Investors (DIIs) highlight growing market confidence in the company. Institutional investments often indicate a positive outlook and can influence market sentiment positively. 💡 Technical Analysis: ✔️ Double Bottom Pattern: The stock displayed a double bottom pattern, indicating a potential trend reversal. The first bottom at 45-48 initiated buying interest. The second bottom at 56-59, coupled with increased buying activity, partially confirmed the pattern. 1st Bottom (45-48): The first bottom at 45-48 initiated buying interest, marking the start of a potential uptrend. 2nd Bottom: Efforts to break out at 81-83 faced strong supply, causing price falls.Then the Buyers from the first bottom re-entered the market, driving the price up. Strong Upward Movement - Double Bottom Confirmation: A strong upward movement confirmed the double bottom pattern. The breakout above the neckline indicated a potential sustained uptrend. ✔️ Volume Analysis: 🔹Volume A: Increased volume during upward movements highlighted heightened participant interest. 🔹 Volume B: Lack of significant volume indicated market indecision or limited trading interest. 🔹 Volume C: Comparing volume with corresponding price range provided insights into market activity. 🔹 Volume D: Volume decreased during the fall from 96, indicating reduced selling pressure. 💡 Assumptions and Market Outlook: Considering the stable financial growth, institutional interest, and technical patterns, the stock appears poised for an upward move. The formation of a doji candle in the weekly timeframe, coupled with decreasing volume alongside price, supports the assumption of weakening selling pressure and potential for an upward trend. 🔹 Day frame The stock retested the breakout area (81-84) with low volume, suggesting potential stability at higher levels. If you are looking for an entry try at current level cmp 84 targt 90-100-130+ Study before making an investment decision. Thank you Ankith Shaju
NSE:CONFIPETLong
by ANKITHSHAJU
19
Confidence Petroleum Breakout1. 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 can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:CONFIPET has given a breakout today. Buy with a stop just below ₹74. (One can use the low of the previous bar/supertrend indicator/fixed percentage from the buy price as stop loss also) Strengths: - 1. Debt to equity at 0.25 (less than 1 is good), Interest Coverage at 7.55 (greater than 3 is good), Current Ratio at 2.49 (greater than 1.5 is good) 2. Debtor days have improved from 23.7 to 17.4 days 3. Promoter holding is continuously increasing since Dec'19 Weaknesses: - 1. Company has a low return on equity of 12.6% over last 3 years 2. Promoters have pledged 30.6% of their holding Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:CONFIPETLong
by akashbothra