STOCK FOR 15-20 PERCENT RETURNSStock is currently at the support zone and also on the trendline base.
The targets can be;
1.95
2.100
3.105
4.110
Can hold it for at least a month for the desired target.
DO NOT TRADE IF BREAKS THE TREND LINE
DISCLAIMER - Analyse yourself before investing.
HAPPY TRADING
CONFIPET
Buy Confipet Trade Opportunity: Confipet CMP 110
Target Price: 200
Stop Loss: 95
This trade opportunity involves buying shares of Confipet at the current market price of 110, with a target price set at 200 and a stop loss at 95. This strategy aims to capitalize on potential upward movement in Confipet's stock price while mitigating downside risk. By setting a clear target and stop loss, investors can manage their risk effectively while pursuing potential gains in the stock market."
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.
CONFIPET | Mini Swing Trade📊 Details
Confidence Petroleum India Ltd is engaged in manufacturing of LPG cylinders and is also a supplier of auto LPG in India with its network of bottling plants and Auto LPG dispensing stations across India. It also supplies packed LPG cylinders and is also engaged in LPG bottling catering to industrial and commercial customers.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Confipet ready for Rally to see New highCONFIPET
Based on Weekly Chart Pattern
Cup and Handle with Bullish Flag inside it.
Price got retraced and retested the breakout level. Cmp 85.
Now it's ready to rally to see New high.
Expected targets
Tgt 1 : 95±
Tgt 2 : 115±
Tgt 3 : 135±
Shared it for EDUCATIONAL PURPOSE. Not a BUY/SELL RECOMMENDATIONS.
CONFIPETNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Confidence Petroleum IndiaStock belongs to Oil marketing and distribution industry. Engaged in the business of LPG bottling / distribution . Stock price is getting contracted in the band 90 to 60 levels. % of promoter pledge is the major turn downs of this stock. High selling pressure is seen in the charts. ROE is also low . In short run its not a good bet .
Confidence Petroleum India LimitedCONFIPET:- Stock has given breakout that too with good volume. keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Confidence petro on verge of trend line breakout! 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
CONFIPET ANALYSISDaily charts of CONFIPET. (OPEN THE CHART ABOVE TO UNDERSTAND THIS DESCRIPTION BETTER)
Gave a long accumulation for 4 months in 2020
Shot up after a breakout price action
Consolidating again in the purple zone
This purple zone can act as a Re-accumulation zone (if price breaks from the upper side of the range) or as a distribution zone (if price breaks from the lower range of the zone)
Also taking support of the year old trendline (green)
LONG trade if breaks from the upper range
Entry: Above 65 (must sustain above 65)
Targets: 72 (10%), 75 (14.5%), 83 (26%). 92++
Stop loss: 60
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
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THANKS
on verge of flag breakoutbuy above 68 in swing and intraday
for swing trade keep sl according to your risk,
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.