CONFIPET
CONFIPET for Swing / Positional 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” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
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I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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About CONFIPET-
Confidence Petroleum India Ltd. engages in the manufacture and marketing of liquefied petroleum gas (LPG) cylinders. It operates through the Cylinder and LPG Trading & Refilling. The Cylinder segment is involved in the production and marketing operations of cylinder. The LPG Trading & Refilling segment engages in the bottling of LPG and supplies for commercial use. The company was founded on July 21, 1994 and is headquartered in Nagpur, India.
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This stock will head for all time highConfipet 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.