CASTROLIND trade ideas
CASTROLIND | Nice channel breakout , 30% potential opportunityCASTROLIND | Nice channel breakout , 30% potential for second target.
CMP : 123
SL : 119
Target : 132, 158
1:2 risk reward setup for first target (8%) . But it has all the potential to goto second target, just need patience for that. Similar to our previous POLYCAB chart.
Castrol RSI DivergenceRSI failed to make a new high when prices made a new high.
This indicates a possible change in trend (or the current trend is becoming weak) which we can observe here.
Stocks to buy: Castrol IndiaBuy at CMP
STOP below 120 closing'
Targets 150+
AScending triangle pattern following, consolidation near resistence
CASTROL INDIA Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
Can go long on CASTROLIND Gave breakout with decent Volume
Can buy now on CMP 135 or on Dips till 120
for the target of 175++
Castrol india defying resistance NSE:CASTROLIND has successfully crossed its resistance after testing it twice and looks to go up. Target 170. SL 128
Castrol india trade Stock price testing the resistence region. Łooking a breakout
Strong on MACD and Above 200 MA
target: 150-170
Stop: below 120 on a closing basis
CASTROLINDCASTROLIND: Looking Good
Triangle Breakout
Buy Above 135 Add Until 125 Stop-Loss 120
Target 145-155-165-175-185-200+++
Positional Call
Castrol is live, Accumulate here.its time to buy it, buy for long term.
accumulation | Consolidation | Support Buildup.
CASTROL Rising with CrudeChart Only for Educational Purpose
Rounding Bottom Pattern getting formed with neckline at 135-137 range.
A breakout with weekly closing above the neckline of 135 gives
Next targets at 157
SL : 120
Other Positives
Higher than Average Volume + Positive RSI Divergence
CMP > 50 SMA
Castrol India PullbackCastrol India
38% fib rejection
50 sma rejection
daily tf
volumes validating
Taken normal RSI channel support
CASTROLIND - Monday Trade - 25012021Stock is at TL resistance which is also 0.5 Fibonacci level- If stock respects TL on Monday, target levels of 125 - 124.5
