Castrol India Ltd - Weekly Chart Analysis
Current Price: ₹217.32 (+0.88%)
Open: ₹213.95 | High: ₹218.58 | Low: ₹210.90 | Close: ₹217.32
Key Observations
Recent Reversal: After hitting a low near ₹175, the stock has seen a strong bounce.
Downtrend from ₹280 Levels: The stock has been in a corrective phase since its peak and is now attempting recovery.
Immediate Resistance: ₹220-225 zone, which previously acted as a support-turned-resistance.
Support Zone: ₹190-200, a crucial level for holding gains.
Outlook & Next Steps
Bullish Above ₹225: A breakout above ₹225 can push the stock toward ₹240-250 levels.
Rejection at ₹220: If the stock struggles near resistance, a pullback toward ₹200 is possible.
Current Price: ₹217.32 (+0.88%)
Open: ₹213.95 | High: ₹218.58 | Low: ₹210.90 | Close: ₹217.32
Key Observations
Recent Reversal: After hitting a low near ₹175, the stock has seen a strong bounce.
Downtrend from ₹280 Levels: The stock has been in a corrective phase since its peak and is now attempting recovery.
Immediate Resistance: ₹220-225 zone, which previously acted as a support-turned-resistance.
Support Zone: ₹190-200, a crucial level for holding gains.
Outlook & Next Steps
Bullish Above ₹225: A breakout above ₹225 can push the stock toward ₹240-250 levels.
Rejection at ₹220: If the stock struggles near resistance, a pullback toward ₹200 is possible.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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.