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Reaccumulationzone

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 LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!! THANKS
NSE:CONFIPETLong
by Keshav2329
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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