Can Buy with SL of 56
Target 75-85-100-120
Fundamentally good business to be in.
Confidence petro is manufacturing composite cylinder and supplying the regular 14 kgs Cylinder to gas companies.
CONFIDENCE PETRO looking for fresh flag breakout after the consolidation of about 65 days.
Fresh volume.
Company has delivered good profit growth of 114.92% CAGR over last 5 years
Fundamentally a strong company.
Targets can be seen on chart. (blue sky zone)
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...
Confidence Petroleum India Ltd. engages in the manufacture and marketing of liquefied petroleum gas (LPG) cylinders. It operates through the Cylinder and LPG Trading & Refilling. The Cylinder segment is involved in the production and marketing operations of cylinder. The LPG Trading & Refilling segment engages in the bottling of LPG and supplies for commercial use. The company was founded in 1993 and is headquartered in Nagpur, India.
NSE
