Get started

Shorterm

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
Uniphos Enterprises LimitedUNIENTER:- Ascending triangle pattern has been formed, since almost 2 years the stock is trading in a small range, has given a breakout, keep your eye on the stock 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.
NSE:UNIENTERLong
by AjayDhakad_Keep_it_simple
Range Breakout in Adani Total Gas Ltd. As you can see the candle js trading out of range or you can say resistance zone. If candle manages to close above the 938.40 level can go long for the above given targets in the chart which happens to be 965 and 985. Will suggest to go long with the strict stop-loss below the 935 level (only on closing below basis). THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
NSE:ATGLLong
by Ankushkokane
DAILY SWING CALL // Friday 30th of April 2021 // NSE: BLUEDARTDAILY SWING CALL // Friday 30th of April 2021 // NSE: NSE:BLUEDART // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 5321.9 TARGET: 6120+ (15% Around) STOP LOSS: 4790 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:BLUEDARTLong
by Amit_Padishalwar
DAILY SWING CALL // Friday 07th of May 2021 // NSE: MINDACORPDAILY SWING CALL // Friday 07th of May 2021 // NSE:MINDACORP // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 108.4 TARGET: 125+ (15% Around) STOP LOSS: 97 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:MINDACORPLong
by Amit_Padishalwar