Description
⋅ NSE: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 Comment
⋅ Revise the buy price to 361 instead of 365
Trade active
⋅ Comment
⋅ Either book the stock now or book if hits 373.50
Trade closed: target reached
⋅ Closing longs on nifty concerns.
Profit -> 380 - 365 = 15
Profit for those who traded in 1 lot => 1400 * 15 = 21000