CONFIPETConfidence Petro (Confipet)- Buy for the target of 104-120+ SL 84.. Trendline Breakout with volume..
CONFIPET trade ideas
Confidence Petroleum India LtdBuy around 82-90
Keep SL on closing basis- 75
Target- 110,120,130
Note-Only for educational purposes.
Confidence Petroleum: Trading near breakout levelConfidence Petroleum is looking good on weekly time frame. Stock is trading near breakout level. Keep on radar.
CONFIPETComing close to the Demand Zone,On Daily Time Frame.
On weekly Time frame, Retest of Double bottom Breakout going on.
LONG $NSE:CONFIPET The stock has broken out on the daily chart and has also broken out of a head and shoulders pattern as seen on the chart. One can look to buy on CMP for targets of 100-110 with a stop loss below 82 on a daily closing basis.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
Confidence Petroleum India LtdCONFIPET - Multiple pattern breakout
looking good for swing trade if the price is sustained above 105
It is my view, to trade on your own analysis
Resistance Breakout - CONFIPETPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
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.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
CONFIPET | 15% - 23% | Swing TradeAll information given is only for educational purposes. I am not a SEBI Registered analyst. Please consult your financial advisor before investing.
CONFIPET is ready for another 25-30% momentumas clearly mentioned in chart there is W pattern which is very good sign in technical analysis.
i am expecting another 25-30% move, keep in radar.
Confidence Petroleum: Breaking out on MTFConfidence petroleum is looking good on monthly time frame. Stock is attempting all time high breakout. Keep on radar.
CONFIPET - study this setup to find opportunities and big gainsNSE:CONFIPET
cmp is 91.20
this is a good setup to study and find opportunities for making gains in coming months
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
Confidence petroleum Confidence petroleum is engaged in the business of manufacturing LPG AND CNG cylinders.
cup and handel patternmay possible breakout in confidence petro,
breakout after weeks long resistance.
greater chance of brekout , unless any bad news in market.
formation of of two downward cup since jan 2023, now breakout with retracement at support and again bounce at weekly chart .
adx indicator also showing possibility of positive upward movement .
(study and make difference)
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.
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
Clear breakout and retest.it broke out of a W weekly pattern then brokeout and took support on its 50 EMA as well as trendline and demand zone and bounced back and now ready to move violently.
Confipet - Monthly BullishPure Price Action.
Take entry above 100
Target1 - 114 Short term
Target2- 148 5-6 Months
Have confidence and buy
Do your own Fundamental Analysis though.
5 amazing swing trade ideas for 4 Sept Markets I daily make educational content videos for swing / positional trading
Confidence Petro Analysis Target 2x Huge Volume Build Up Plan
Pattern Breaking
Monthly Chart looking really interesting
Weekly Chart rising wedge pattern
SL 70
Target 1: 150
Target 2: 200 Long Term
CONFIPETCONFIPET
Buy above 96
SL below 84
Targets 100/108/132/155/170
Bullish Pole and Flag BO
Cup and Handle BO
Declining Bearish volumes followed by High Bullish volumes
RSI trendline BO
**Educational Purpose Only**
Confidence Petroleum: Trading near ATH resistanceConfidence Petroleum is looking good on longer time frame. Stock is trading near all time high (ATH) resistance with good volumes. Keep on radar.
