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
it has reached the buy zone. I'm expecting a huge (impulsive) move from here. Disclaimer: im not a SEBI registered advisor.
As we have seen that the auto sector is bullish, with that company like Castrol will also see the benefit. Entry: CMP t1: 133 t2: 141 t3: 149 SL: 125
Buy at : when crosses 126 stoploss : 120 Trend will change to bulllish after crossing 126
Long downtrend + consolidation at bottom seems the it going get a trend reversal + its debt free company(fundamental)
Castrol is nearing the channel on daily time frame need lookout for channel and resistance intersection 126 looks crucial. Hope it wont break that resistance.
CASTROLND my view is bullish and we can buy till the base support of 120RS in case of correction it looks very good to buy as it has strong fundamentals also. WITH MINIMAL SL OF 115-118 C.B IT HAS BEEN CONSOLIDATING SINCE JUNE
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
On technical analysis found that there is long muti time frame triangular pattern as a primary trend and we have a channeled secondary trend that is nearing the breakout and has a higher probability of moving upside in the near long term. Can buy and hold on the dip. *Only for Learning Purpose*
long in delivery for target of 145. Maintain stoploss of 136 good luck
Was in a downtrend since 2017. Can see trend reversal in chart. Can give 4-5% in short term and 15% & above in few months.
CastrolInd Looking Bullish for long term. Disclaimer - Only for educational purpose.
NSE:CASTROLIND The stock itself take support on the support line and shown a big bullish green candle. For now the stoploss will be 127 and profit target is 150, or you may say the resistance line is the main profit target area.
BUY Near 136 SL-131 TGT- 142.50
Only enter if hour candle closes above 141.5. Good fundamentals. Idea only for educational purpose.
Resistance Turned Support MacD Bottoming Out Stock in Range Bullish upto 150/165 if holds 135 levels