CASTROL has formed a h&s top after breaking out of a wedge pattern. Can move to levels of 90 if closes below 120 . Possible short with SL 128.
NSE:CASTROLIND CASTROL INDIA WANTS TO MOVE UP BUT THE PRICE TO WATCH IS 120 IF PRICE CLOSES UP 120 THEN WE CAN SEE BEST TGT
it is showing bearish divergence with stochastic upper trendline is stop loss if lower trendline is broken in 15 minute candle on closing basis targets are given with 2 horizontal lines note:for education only
IT WAS MOVING IN A CHANNEL LINE BUT NOW IT HAS BROKEN UPPER CHANNEL LINE WITH HUGE VOLUME PLUS BULLISH DIVERGENCE SEEN IN STOCHASTIC RSI FIRST TARGET IS 162 2ND TARGET IS 170 STOP LOSS IS 146 NOTE: please do your own analysis i am not advising anyone to take position in stock
Castrol may test 170 & above levels in coming sessions
NSE:CASTROLIND Short at 131.05 with SL 131.55 and TP 130.05 Note: Consult your registered adviser before taking any decision. Always risk 1% of account size per trade, adjust the position size accordingly.
Had told to go long @ 117.80 on 16th Aug 2019 (Friday) ... It made a high of 120.25 in Intraday Trading. We r talking abt a 2% move guys ... Hope u all minted.
Look out for a break out/down in the coming days ... For Intraday Trading on 16th Aug 2019, BUY above 117.80 and SELL below 115.15
CASTROLIND (Castrol India Limited) BUY ABOVE 132
Castrol Supply and demand are marked in chart
has broken out of resistance may move towards 190
INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 6th, 2018) CASTROL #BUY ABOVE 149
Positional hold. Sl around 147 cbsl. Don't hesitate to close before target reaches. If you want do accumulation/distribution instead of one shot buy. Hopefully, market should remain strong so that we can get most out of out position.
Castrol falling wedge. Positive divergence . Can test 161.50. SL-150.Cmp153
Head and shoulder pattern is formed. Generally, head and shoulder pattern formed is formed in uptrend as a reversal pattern and inverted H&S pattern in downtrend. But, here h&s is formed in downtrend, still I am considering as a reversal pattern and other details are mentioned on the chart. Happy trading :)