trader_indie

Castrol watch for fall on day chart , week chart

Short
NSE:CASTROLIND   CASTROL INDIA
Castrol India to watch out for fall on the week and daily chart for important support line


Comment: Castrol perfectly broke the trend line , going down for key support area
Comment: Key Support area is touched
Comment: Now that castrol has touched out daily key support area , i am expecting it to down further till 104.8 level .

monthly buyers area is there .

There is a divergence in monthly chart which can be observed easily . so our entry would be somewhere around 97 - 105, if there is bounce.
Trade closed: target reached: Analysis completed 104 , however chart is still not looking good for up move but not tracking it anymore

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