Confidence Petroleum India Ltd

2월 18일

*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 _*