CONFIDENCE PETRO IND Daily chart AnalysisCONFIDENCE PETRO IND as per daily chart analysis has resistance at 84 and once the stock breaks 84 level then above 86 for a target 91 level.
CONFIPET trade ideas
Confipet petro Next moveshere after good consideration its ready to move for next targets .. fundamental and technical look good so you can buy from 85-88 levels to 110 levels
looking good, is not it? Keep on radar! in ST, it might hit 98+Disclaimer: NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
CONFIPETConsolidation is taking place.
Expecting a breakout very soon.
Gas manufacturing company.
Expectation: 82, 100
Breakout after 17 Weeks Consolidation at ATH Stock shown good strength when overall small and micro cap stocks correcting 20-30%. the scrip come out with breakout after 17 weeks consolidation at previous ATH.
breaking out on weekly chart 🔥🔥 having potential upside 20% tagets and sl mentioned on chart
#confipet breaking out on weekly chart and looking very explosive 🔥🔥
confidentpetro looks good buy confident petro 67-68.50 1st target 72.50 2nd target 76 sl 65 volume is 4time to average volume volume never lie ....
With SL of 56 - Buy 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.
consolidation inside the box-cofidence petroconfidence petro is consolidating inside the box..break out above 68.5...accumulate inside the box and keep stop loss just below the box and can add above 68.5 for quick gains...comment your views
confitpetAll scripts posted here are only for study purpose do your analysis before taking any positions
CONFIDENCE PETROLEUM DAILY CHART GIVEN RECTANGULAR CHANNEL BREAKOUT ALONF WITH TRENDLINE . NEXT TGT 78-80
CONFIDENCE PETRO looking for fresh flag breakout
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)
Weekly close above 65 will show move towards 80-85.NSE:CONFIPET , Stock has good basic fundamentals. Risk takers can buy here with SL of 55(WCB), Conservative players wait for a breakout above 65.
CONFIPET ANALYSISDaily 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 lower range of the zone)
Also taking support of the year old trendline (green)
LONG trade if breaks from the upper range
Entry: Above 65 (must sustain above 65)
Targets: 72 (10%), 75 (14.5%), 83 (26%). 92++
Stop loss: 60
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
on verge of flag breakoutbuy 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 per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
CONFIPET | Getting ready for Upmove?Daily Closing above 66.. will trigger some fresh Buying!
I am already in from 60 level..will start pyramiding once it gives a breakout!
