Castrol is a safe stock which has shown an amazing trendline breakout.
Stock provides a good dividend yield as well.
If trend continues in upward direction, stock can test ATH and make new highs in medium term.
Keep in watchlist. Levels mentioned on chart.
CASTROLIND:- Breakout of falling wedge has been found and if it sustains above 147.30 level then downside movement can be seen.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
The "Castrol India Big Breakout" trade idea suggests a significant and potentially trend-defining movement in the stock of Castrol India Limited. A "big breakout" typically implies that the stock is poised to breach a key resistance level, signaling a potential shift in its price dynamics. Traders and investors may be anticipating a substantial upward movement,...
The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
When price reverses from major support (after major downtrend) and breaks above major resistance zone, it signals towards a major trend change towards upside.
The above analysis is purely for educational purpose....
#Castrolindia #StocksToBuy #Trading #StockMarketindia
Castrol india - Trade was live already. One can add accumulate the stock at marked levels.
Buying price range - 140 - 138
Target price - 153
SL - 133
RRR - 1:2.2
NSE: CASTROLIND is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Stock Name - Castrol India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 132
#This is not Buy and Sell recommendation to any one. This is for education...
Hello, castrol india long-term swing trade buy: 105 target: 214 stoploss: 98.
LOGIC BEHIND TRADE: Stock is trading on monthly support on 1w chart formed bullish candle above high breakout buying strategy (target identified from harmonic half bat pattern level 0.58) stoploss is taken low of bullish candle, RR looks good in stock. NSE:CASTROLIND