CASTROLIND trade ideas
Buy Castrol#Castrol
Weekly trend break out with volume
140-130 level is good support Now.
5 year Trend reversal.
225-250 level possible now.
Castrol India - Long Castrol India
It has broken last 4 years downtrend channel on weekly chart.
Its been consolidating for some months and It tried to break out back in march , but was pulled back
On daily chart, on 6/4 you can see huge volume with gap up opening
Fundamentally The company took a hit during last year lockdown, But Now Its has recovered back to it precovid level. so stock also would go back to it pre covid level soon.
My target is 160 for a quick 13-15%
Note:
Am not financial advisor, am just a small guy in this ocean trying to learn stuff.
Do your own analysis before taking any decisions.
Castrol India Long 1.Time frame - Weekly.
2.Trend - Bullish for the long term.
3 Pattern - Falling channel pattern Breakout.
#34 CASTROL GONNA THROTTLE UP#34 (GENIE IDEAS) BREAKOUTS AHEAD. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl ,tcs ,exide, tata power.
CASTROL LONG
1)Breakout on Weekly time frame with good volumes
2)Buyer Building up as Higher Lows are being formed
Can be bought on a positional basis with proper stop loss and risk management
Castrol WeeklyCastrol Weekly breakout with Decent volume in last 2 weeks. Target and SL mentioned on chart
Castrol india ( 5 june 2021 INTRADAY) please read the text information given in chart
sell stratagy hi raheega
take entry for sell when candle low break ,
in case of inside candle take entry at the low of second candle for sell
for hammer , take entry at the low of cande for sell
in most of the case , we take entry in sell when the candles low break
CAstrol longThere has been a good consolidation, and stock has been following a very tight range for the last few weeks.
SL -114
Tgt- 175
Castrol India - 5yr Down Trendline Breakout / 1.5yr Channel BOSuggested by @monkmaxims
The stock had been in a down trend since forever (7yrs on monthly chart). Since 2020 crash, the stock was in low volume accumulation
in a parallel channel. Suddenly, the accumulation volumes began to shoot up in November while the price continued to trade in the channel.
Finally, this week it has broken out and how!
Highest weekly volume seen since last year, in the breakout week. The weekly closing candle looks like a decisive candle.
Good fundamentals, likely to do well in the coming weeks/months.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
Short term TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
CASTROLINDIf price breaks and sustain above 140 level then we can see next targets 170,200,240 very soon..
Currently volume is increasing and also consolidation is going on so price can break 140 level.
you can enter @ 129 - 130 level with SL 116.50 OR enter after crossing 140 level.
Above analysis is for study purpose only..
If you like my idea then please like and comment..
Follow me to get more ideas like this..
Thank you
CASTROL India- BreakoutCastrol, after months of consolidation showing strength and possible trend reversal. The stock has decisively broken out of the trendline resistance on weekly chart supported by rising volume. Prior Highs can be the potential targets. (marked on chart). Follow me if you like the ideas.
NOTE- Do your own analysis before taking the trade. This is not a "buy" or "sell" advise.
Castrol India LongHigh volume breakout from the channel can be seen in NSE:CASTROLIND
Watch out for retest, Position your entires accordingly.
