Description
⋅ 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