NeeteshJain
Long

Castrol India - Breaking Trendline and Forming Higher Lows

BSE:CASTROLIND   CASTROL INDIA LTD
It is been observed on the daily chart that the price action is breaking above the trendline resistance, indicating further bullishness ahead. It shall further move up as higher lows also formed.

Target: 418

Stoploss: 405
Jul 21
Trade active
Jul 24
Trade active
Jul 24
Comment: Moving up steadily.
Jul 28
Comment: SL Revised 400 levels.

The price action is re-testing previous support zone.

Thanks
The trades that reach the target will be mentioned in your comments but the trades hitiing the stop losses are never updated by you ?? Why so, .......what kind of analysis is this ??/

Reply
@pro1988, Yes Sir, I had this habit but now I have changed it. I generally write a follow up plan if stoploss is hit or just closed the trade setup. Now, I shall be updating the status order with clarity of action. Thanks for the feedback. Regards
Reply
Is this trade still active?
Reply
Can i enter @415 ?
Reply
@mihirj, Not a good price to enter as per the Risk Reward. If it comes back to 412 again then you might re-enter with target 418 SL405 Thanks
Reply
abhinavk31 NeeteshJain
@NeeteshJain, market is crashing...should I exit? SL is hit
Reply
@abhinavk31, SL HAS BEEN REVISED BRO
Reply
abhinavk31 NeeteshJain
@NeeteshJain, please advise
Reply
it will move till your target is achieved sir....
+1 Reply
NeeteshJain nilay.mishra71
@nilay.mishra71, Sure :)
Reply
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