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):...
might consolidate for some more time pls enter only after analysing risk and reward
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.
I daily make educational content videos for swing / positional trading
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
CONFIPET 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 is looking good on longer time frame. Stock is trading near all time high (ATH) resistance with good volumes. Keep on radar.
Confidence petro. CMP:86 sl:75(wcb) Target:95/110/125
Naresh analysis about Confidence petroleum this have a cup and handle breakout and can be buyed
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Move towards 78 is started Takes support at preview high
Retraced from 61.8 levels Upside till 65 as supply zone Macd crossover
CONFIPET BUY : 63-64 TARGET : 75 DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
Stock belongs to Oil marketing and distribution industry. Engaged in the business of LPG bottling / distribution . Stock price is getting contracted in the band 90 to 60 levels. % of promoter pledge is the major turn downs of this stock. High selling pressure is seen in the charts. ROE is also low . In short run its not a good bet .
Confidence Petro is in the process of forming inverted head and shoulder plus there is volatility compression at the right shoulder. If sustains above 85 then it will head towards new all time high.
US market today is very bearish for certain economical and geo-political reasons. Tomorrow Indian markets will copy and will move downwards. This stock which was previously in a descending triangle pattern has shown a breakout downwards with high volumes, at the ending of today's market session. Resistance level which is marked is historically tested around 4-5...