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
Trade active
Trade active
Comment: Moving up steadily.
Comment: SL Revised 400 levels.

The price action is re-testing previous support zone.

Thanks

Comments

it will move till your target is achieved sir....
+1 Reply
NeeteshJain nilay.mishra71
@nilay.mishra71, Sure :)
Reply
Nice pick Neetesh, Fundamentally a decent stock
+1 Reply
NeeteshJain imdbeststocktrader_
@imdbeststocktrader_, Yes, it is good stock overall. Thanks
Reply
Possibly on Monday, we should see your target :)
+1 Reply
NeeteshJain PankajNegi
@PankajNegi, Yes, it shall work out well. Thanks
+1 Reply
sir fingers crossed
+1 Reply
NeeteshJain nilay.mishra71
@nilay.mishra71, It shall work out well on Monday. Thanks
Reply
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
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