This stock has much potential to go up. Monthly- MACD uptick Weekly-Price is above 50 EMA and Upper bollinger band challenged, Macd PCO stat and RSI is above 60, ADX is above 15 Daily- Price is above 50 EMA and upper bollinger band challenged with high volume candle. RSI- above 60, ADX at 27 and stochastic positive crossover from oversold zone
Price reversing from a very big support level and coming out of consolidation on daily and weekly SL 59.10 ( 2.65 % ) LOD
CONFIPET Once Price closes above resistance on daily basis and RS crosses above 50MA can take long enty Educational purpose only
CONFIDETIAL PETROLEUM **************************************** LONG / SHORT TERM ---------------------------------------- Buy on 55 - 60 Avg Buying till 50 SL 42 TGT 67/ 75/ 83/ 93..
Cup and Handle is ready to serve, a good volume BO (at 40% above the avg volume) and cross 82 on weekly close basis will give the counter the required push. Fist sma ll target 91.
CONFIDENCE PETRO - Smooth rounding bottom Watch how the price is perfectly accumulated in the bottom. Seems ready to give a good move, post breakout.
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 Petro Is Forming cup n handle pattern in weekly time frame Just for educational purpose
Confidence Petroleum : (Confipet) : Rounding Bottom breakout + Retest Done Good Risk Reward Good upside potential Hold patiently First Learn, Earnings will Follow. Happy Learning !!!
Looks like a channel breakout with volume surge on weekly time frame. Relative strength is improveing. Disc : Not a recommendation.
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.
Confidence Bhopu Patteren....................................study only
High strength setup poised to make decent returns in the near future. Satisfies the 2 Bollinger Band strategy. Decent fundamentals to support the uptrend. Entry above 76 daily close.
Disclaimer: Study purpose CONFIDENT PETRO INDIA add on every Breakouts with Sl below the box As shown in chart
Chart is self Explanatory. Breakouts - Retest - Breakout
in chart stock formed double bottom pattern above 49 pattern activated for the target 55/66
While the stock has broken out and gone below the ascending channel and a short term support, it now looks ready to bounce back. A green candle on Hieken Ashi and positive Stoch. RSI support the bullish view from here.