Description
⋅ Castrol Can be bought around 162-165 Levels.
Reason:
Price is trading near the lower end of the downward channel and a Strong Bullish Weekly Closing above 23.7 % Fibo Level.
Stop Loss : 152
Target 1 : 190
Target 2 : 200
Very good Risk to Reward at given entries. Pull Back is Expected after last Week's Straight Run with Nifty.
Patience is your Friend, wait for an entry. Missing the Trade costs Nothing, 0.
Comment
⋅ Be patient for Buy around mentioned levels only take trade on reversal in Hourly Candle
Comment
⋅ Setup is looking great, keep an eye for any reversals in Daily Levels.