Confidence Petroleum is looking good on weekly time frame. Stock is trading near breakout level. Keep on radar.
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...
CONFIPET - 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
Please 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...
📊 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...
All information given is only for educational purposes. I am not a SEBI Registered analyst. Please consult your financial advisor before investing.
as 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 is looking good on monthly time frame. Stock is attempting all time high breakout. Keep on radar.
NSE: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...
Confidence petroleum is engaged in the business of manufacturing LPG AND CNG cylinders.
Testing same resistance zone third time 95 to 98, good R:R trade
may 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 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.
💡 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):...
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.
Pure 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.
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