Castrol - Double support!
CASTROLIND has taken double support with double bottom as well and trendline. Castrol has also made a dogi at the bottom in a down trend signaalling reversal.
Buy Castrol above 365
Target - 370 / 393 / 407 High probability that Castrol will at least breach second target
SL 350. Short SL 356
Note
Revise the buy price to 361 instead of 365Trade active
Note
Either book the stock now or book if hits 373.50Trade closed: target reached
Closing longs on nifty concerns.Profit -> 380 - 365 = 15
Profit for those who traded in 1 lot => 1400 * 15 = 21000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.