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CONFIDENCE PETROLEUM INDIA LTDCONFIDENCE PETROLEUM INDIA LTDCONFIDENCE PETROLEUM INDIA LTD

CONFIDENCE PETROLEUM INDIA LTD

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CONFIPET trade ideas

Confidence Petroleum India Ltd *Confidence Petroleum India Ltd* Rising C&H; Formation on Yearly Basis. Upper Priceline BreakOut Needed & Sustained. Then Good to Go!!! Vol. Accumulation observed. RSI: 1H W >M EMA: Widening Gaps amongst 20/50/100/200 on Weekly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* Snapshot: 30 Yrs Vintage. 16 Cylinder Mfg. Units / 209 ALDS / 58 LPG Bottling Plants. 2000+ Dealers in 22 Indian States. Low LT Debt. Growing Sales, Profitability: Yrly Basis. Satisfactory WC Cycle. Increasing Promoter Stake. Concerns: Major Capex underway across Segments/ New Venture (Related though). 5.15% Promoter Hldg. Pledged. *Do Your Own Research as well. This is an Opinion.* *_Happy Investing _*
NSE:CONFIPETLong
by IdeasNeosagi
CONFIPET - Promising Swing Trade Opportunity with Bullish VolumeOverview: CONFIPET appears to present an enticing opportunity for swing traders, characterized by encouraging bullish volumes and robust financial results. The combination of positive market sentiment and promising fundamentals positions CONFIPET as a potential candidate for traders seeking short to medium-term gains. Bullish Volumes: Recent trading activity in CONFIPET has been marked by notable bullish volumes, signaling increased investor interest and confidence in the stock. This surge in buying activity may indicate a growing positive sentiment, potentially fueling an upward price movement. Financial Results: The company's recent financial results contribute to the bullish outlook. Strong earnings, revenue growth, or other positive financial indicators can provide a solid foundation for a swing trade. Analyzing key financial metrics and assessing the overall financial health of CONFIPET is essential for a comprehensive understanding of the trade potential. Technical Analysis: Consider incorporating technical analysis to identify entry and exit points for the swing trade. Look for bullish chart patterns, supportive moving averages, or other technical signals that align with the overall bullish thesis. Chart analysis can help refine your timing and enhance the probability of a successful trade. Risk Management: While the opportunity looks promising, it's crucial to implement effective risk management strategies. Set clear stop-loss levels to mitigate potential losses and protect your capital. Understand the risk-reward ratio before entering the trade and be prepared to adjust your position based on evolving market conditions. Conclusion: CONFIPET exhibits favorable conditions for a swing trade, backed by bullish volumes and positive financial results. As with any trade, thorough research, vigilant monitoring, and disciplined risk management are essential to maximize the chances of a successful outcome. Remember to verify the latest information on CONFIPET and the market conditions before making any trading decisions.
NSE:CONFIPETLong
by Shivam_Bhanot
CONFIPET : At the Verge of a Breakout📈 At the Verge of a Breakout! 🚀 📉 After completing an ABC correction structure in the Intermediate wave, this stock is now poised to break out of a pole and flag pattern. 📊 🚀 A successful breakout could potentially lift prices by 20%-25% in the very near term. 📈 💹 Currently trading 18% down from its high, this breakout signals a promising opportunity for bullish momentum. 📈📈 #StockMarket #TechnicalAnalysis #BullishOpportunity #MarketTrends
NSE:CONFIPETLong
by LiveTradingBox
A possibility of a 100% move in Confidence Petroleum India Ltd.The stock is in a ascending triangle setup on weekly timeframe. The 90-95 zone has been providing some resistance for the stock since 2021 and preventing it from launching above the INR 100 mark. But this 90-95 supply zone is now getting weaker since the constant rising demand for this stock wont let it dip below its previous lows every time and it is thus creating a beautiful upwards rising support zone. The triangle breakout(when it happens), suggests an upward target of around INR180 for this stock. Volume too has picked up this week. It should not take very long now for the breakout to play out. On the downside 80-85 is good support area for the stock. Note*- The views expressed are personal opinions/observations. Please study technicals &fundamentals of a stock thoroughly before taking any financial decisions.
NSE:CONFIPETLong
by neeraj_2_sharma
3
CONFIPET: A Potential Bullish Opportunity on the Cards? Introduction: The stock has been on a wild ride, surging to an all-time high of 96.65 before plummeting to an all-time low of 44. The recent bounce from the 0.786 Fibonacci retracement level has caught my attention, and I believe it could be a potential buying opportunity for savvy investors. In this blog post, I will delve deeper into my analysis and explain why I think CONFIPET could be poised for a rebound. Fibonacci Retracement Analysis: When analyzing the CONFIPET weekly chart, it's clear that the stock has been on a rollercoaster ride. The recent plunge has taken the stock down to the 0.236, 0.382, 0.5, and 0.618 Fibonacci retracement levels, which are all significant support levels. However, the stock has bounced off the 0.786 level, which is a strong support level and a potential buying opportunity. The 0.786 level is a key support level because it corresponds to the 21 and 50 days moving average, which are acting as a strong support for the stock. This cluster of support levels around the 0.786 level forms a very strong support for the price to break down. Potential Bullish Signs: There are several potential bullish signs that suggest CONFIPET could be poised for a rebound. Firstly, the recent bounce from the 0.786 level is a positive sign, as it indicates that buyers are stepping in to support the stock. Secondly, the stock has already broken the 0.236, 0.382, 0.5, and 0.618 Fibonacci retracement levels, which are all significant support levels. This suggests that the stock has already experienced a significant correction and could be due for a rebound. Additionally, the 21 and 50 days moving average are acting as support around the 0.786 level, which is a bullish sign. This indicates that the stock has strong support at this level and could potentially bounce back upwards. Conclusion: In conclusion, my analysis suggests that CONFIPET could be a potential buying opportunity. The recent bounce from the 0.786 Fibonacci retracement level, combined with the strong support from the 21 and 50 days moving average, suggests that the stock could be due for a rebound. While there are no guarantees in the stock market, I believe that savvy investors could potentially benefit from buying CONFIPET at these levels. As always, it's important to do your own research and consult with a financial advisor before making any investment decisions.
NSE:CONFIPETLong
by stocktechbot
CONFIPET - Monthly breakout clearing previous ATHCONFIPET breaking out of Monthly Trendline as well as surpassed its previous ATH of 95.4 today. Obviously, the psychological level of 100 would act as a resistance. If it crossed 100lvl and holds on the daily, will enter with a STOP below 99 on daily close. Initial Targets for me would be 110/115 To be clear, No entry as of now for me. I will take a position if we close above 100 on a daily basis with a Stop Loss of <100 on daily close
NSE:CONFIPETLong
by adkis
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. Disclaimer: 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. Request: Please support by Like, follow, comment, share and boost. Happy trading. #TradingView #StockAnalysis #confipet #TradeOpportunity 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. You can follow me in social media through links given below-
NSE:CONFIPETLong
by suraranjanganguli