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
Daily 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...
buy 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...