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.
CONFIPET trade ideas
Buy Confidence Petroleum at CMP for momentum playThis is a super strong chart when compared in NIFTY 50 since last peak. Price has taken support on Kumo cloud and bounce back up and continue the trend higher. The AD line has fantastically moved upward without major change in the price, this means price is ready for a BO upwards.
The target is open and can reach great heights.
Happy Trading / Investing
Regards
Shamoil