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 <D >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 _*
Rising C&H Formation on Yearly Basis.
Upper Priceline BreakOut Needed & Sustained.
Then Good to Go!!!
Vol. Accumulation observed.
RSI: 1H <D >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 _*
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