CONFIPET making triangular pattern still in consolidation channel best entry point is point D range for long term investment . As fundamentals of stock is weak the scrip cant be a multi bagger but can promise good returns when invested with TA.
Stock showing momentum with good technical and strong fundamentals so we have considered this stock for momentum trading but this only a analysis not a recommendation so always remember your Stop 🛑 loss and risk management
CONFIPET Prediction for Swing / Positional Trading First breakout at Entry 1 level. This entry 1 level was retested. Now it is ready for Entry 2 above 95.5 close daily basis or you can entry according to your experience. Entry 1 level can be restested again before final breakout. SL- 82 Targets- 101,112,119,130,137,137,148,… According to your “STOMACH”...
CONFIPET Once Price closes above resistance on daily basis and RS crosses above 50MA can take long enty Educational purpose only
Confipet will blast once above gives a good closing above 85. The uptrend retraced upto 0.5 fib level which rejected the price and couldnt even close anywhere near to it, and resulting in formation if the Hammer Candle stick there. Past 2 months have decently large volume suggesting accumulation. Just one thing missing is now a definitive closing above 85.
Confidence Petroleum : (Confipet) : Rounding Bottom breakout + Retest Done Good Risk Reward Good upside potential Hold patiently First Learn, Earnings will Follow. Happy Learning !!!
Trend Reversal Setup in Confidence Petroleum Limited. Buying @56-59 Sl: 52.5 (buffer included) Target: 64/76/92 Timeframe: 2/3 years (approx) Please share your opinion in the comment section.