Castrol India has given breakout of cup and handle pattern on weekly time frame. We need one more confirmation (pls refer my other charts to refer when we can state a confirmed confirmation). We can expect the price to move to 215+. Other factors:
1. Volume candle: pls see last weekly candle, big buy has happened 2. RSI on weekly basis is above 60; bullishness 3. MACD is also positive.
Sir nice analysis...at 215 , you will remove all capital or you do trail ?
Jass_12345
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@SumanaNanjundaiah, Castrol is still bullish on daily basis and can move up. However, I would still suggest book part of the capital and trail the rest.