Box/Consolidation Breakout with Volumes Stock at All time high
CONFIPET looks good above 68.20 (CMP: 73.10) weak below 57 can go till 88/100
buy confident petro 67-68.50 1st target 72.50 2nd target 76 sl 65 volume is 4time to average volume volume never lie ....
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 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
Levels strictly on closing basis.
All scripts posted here are only for study purpose do your analysis before taking any positions
CONFIPET bullish flag breakout in day chart
GIVEN RECTANGULAR CHANNEL BREAKOUT ALONF WITH TRENDLINE . NEXT TGT 78-80
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)
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.
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...
Daily Closing above 66.. will trigger some fresh Buying! I am already in from 60 level..will start pyramiding once it gives a breakout!
confidence petro, med trm trgt 52.2 and long trm trgt 61.6...might correct on the way..story is positive..buy on dips..if correct till 36