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Momentum Continuation

CONFIPET

Confidence Petroleum India Ltd.

Trading

Strong momentum structure

Early Trend
Stage 2 RS leader VCP active

Setup readiness

Early Trend

Pivot Levels
₹67.0-81.0
Support Level
₹72.0
Resistance
₹96.7
Risk Distance
11.1% to stop

Reference levels for educational study only. Not a recommendation to buy or sell.

RS
100.0
ADX
28.0
Vol
51.0

Swing Edge Intelligence

Structured setup analysis · research only

Setup status · Strong technical characteristics

Trend, relative strength and base characteristics align with higher-scoring names in the scan.

Relative strength Strong
Breakout readiness Low

Bullish factors

  • Failure flags: Lower high risk.
  • Cont: -7.4% from 52wH, RSI 57.
  • Gain 10d: -1.0% / 20d: 12.7%.
  • RSI 57 (78th pct 1y, ATR vol 74th pct).
  • Stage2: 8/8.
  • Vol: 1.7x 50d avg [spike ✓].

Risk factors

  • Stop distance is wide (11%)
  • 3 distribution days observed recently

Overall view

Strong technical characteristics — momentum and institutional cues show broad alignment.

Size this trade

Setup research

CONFIPET — trend, RS & risk snapshot (not a trade recommendation)

Signal · context · invalidation · risk · skip reasons — research only

Positives

Price is 7% below the pivot

  • Stage 2 uptrend structure detected

Flagged yesterday

Context & regime

  • Market regime Mixed / range-bound
  • Trend stage Stage 2 — tradable
  • Sector Mid-pack (#17/46)
  • Relative strength Leader (RS 100)
  • Trend strength Strong (ADX 28)

Negatives

This idea is wrong below ₹72.0 (-0.2% away)

Base / stop support breaks — the swing thesis is wrong below here

  • Stop / base low₹72.0
  • Pivot — failure re-entry below₹80.6

Risk distance

11.1% to stop
1.8× ATR
1.7× R:R
19.4% reward

Risk ≈ ₹8.99/share from entry ₹81.0.

Stop is wide (11%) for a swing — sizing will be small

Reasons to skip 2

Disqualifiers that apply even if the score looks good.

  • Stop distance is wide (11%)
  • 3 distribution days observed recently
Setup metrics Momentum Continuation

CONFIPET Technical Analysis & Swing Setup

Grouped structure, momentum and risk from the latest momentum continuation scan.

Volume Profile neutral

POC
₹56.85
VAH
₹67.29
VAL
₹42.61
Vol above POC
54.6%

Institutional Activity · Heavy Accumulation

Avg cost basis
₹54.03
Acc zone
₹29.4–76.8
Accumulation sessions
10
CMF
0.2

Structure

Trend / stage
Stage 2
Stage 2
Weekly trend
Above rising 30-wk MA
Uptrend
RS rank
100.0
Strong
ADX
28.0
Strong

Momentum

RSI
57.0
Strong
Recent move (10d / 20d)
-0.9% / +12.7%
Neutral
Volume quality
51.0
Building
Relative strength
Leading
Leader

Risk

Failure risk
20.0
Low risk
ATR % / day
6.2%
Whippy
Distribution
3 day(s)
Accumulation
Volatility
9 VCP
Contracting
More scanner fields
Sector RS 0.0%
Base 16w · 65.2%
VCP waves 9x
Vol dry-up No
Avg value ₹19.6 Cr
Failure flags Deep base

CONFIPET Support & Resistance Levels

Research chart

Daily price action with pivot, support, and resistance levels from our latest scan, plus relative strength vs Nifty.

Size this trade

Pivot levels, support and resistance are drawn on the price chart. · Research only.

AI insights

AI Insights

Generated with AI

These insights are AI-generated to support your research process and should not be treated as investment advice or a recommendation to buy or sell securities.

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Personalised swing trade analysis powered by Gemini AI

Pattern context 52w · setup · flow

52-week range

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— —

Stage-2 ideal band  ·  Early recovery

Pattern highlights

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Pattern signals from the latest scan

Smart money flow

Last 60 sessions · accumulation vs distribution

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Session flow 60 trading days
OBV trend On-balance volume · same window
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Accumulation Distribution Neutral
Setup intelligence Overhead · VCP · radar · risk

Overhead supply

Resistance ceiling above current price

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Chase / failure risk

Honest read on exhaustion & extended moves

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Base / VCP coil

Depth, contractions & pivot distance

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Setup quality radar

Shape of the setup in one view

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Peer comparison Sector peers

Sector Peer Comparison

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CONFIPET FAQ Common swing-trading questions

Frequently asked questions about CONFIPET

What are the screener observations for CONFIPET?

On Swing Edge's swing-setup framework, Confidence Petroleum India Ltd. (CONFIPET) currently grades B — workable setup. Price is 7% below the pivot. Flagged yesterday. This is educational research, not investment advice.

What are CONFIPET's support and resistance levels?

For CONFIPET, near-term support sits around ₹72.0 (the base/stop zone); overhead resistance is around ₹80.6 (the breakout pivot); the next resistance above is ₹96.7. This is educational research, not investment advice.

What is the breakout / pivot level for CONFIPET?

The breakout pivot for CONFIPET is around ₹80.6. Price is about 10.8% below the pivot and still building toward it. A breakout is typically confirmed on a close above the pivot with above-average volume. This is educational research, not investment advice.

Is CONFIPET above its 50-day and 200-day moving averages?

Yes — CONFIPET is in a confirmed Stage 2 uptrend, trading above its rising 50- and 200-day moving averages, the zone where swing setups tend to work best. This is educational research, not investment advice.

How strong is CONFIPET versus the market (RS rank)?

CONFIPET has a relative strength (RS) rank of 100 out of 100 versus the NSE universe, making it a market leader — stronger than most NSE stocks. Trend strength (ADX) reads 28, indicating a strong trend. This is educational research, not investment advice.

Answers are generated from Swing Edge's latest scan data and are for research only — not investment advice.

Prices and day-change figures use the last daily close from scan data dated 2026-06-28 — not live intraday NSE quotes.