CASTROLIND | Wedge breakout - Can see 80%CASTROLIND | Wedge breakout - Can see 80%
CMP : 142 (Dip : 136)
SL : 125
Target : 175, 250
CASTROLIND trade ideas
SWING TRADE : CASTROLIND1. Buy above BO 140
2. TARGET 170/210
3. SL 120
Analysis:
1. Breakout happened on descending channel
2. Now It is in accumulation phase.
3. 2 times rejected at 140 level.
4. We may see the uptrend if it breaks the accumulation zone.
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
Castrol India - Rectangular Breakout above 135Entry – CMP ie 135 (Breakout was 134.9)
Stop loss – 129 or 114 (Deep Stop) (135. 05 if Price Runs up above 152.5)
Target 1 - 177
Target 2 – 194.2
Target 3 – 220.25
Duration - 3 - 5 years
Co has well established network of Engine Oil and Good Brand Value Products in this segment.
Fundamentals are decent with dividend yield of 2.2%.
Co has been Debt Free for years.
Top line and bottom line is showing consistent growth.
Technically Stock is showing Breakout from its Accumulation Zone. Rectangular Breakout on its Weekly Chart hence higher levels can be seen.
Trend line breakout seen on Monthly Chart.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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about to break weekly resistence. two channel pattern with same momentum.
can expect target of 175 (25% from CMP)
#the_pravin #simplepriceaction #chartreading
CASTROL - LONG TERM HOLDA company that has strong fundamentals. After a long consolidation, the support is broken. first target is 150.
CHART STUDY, not a call
CASTROL INDIA EQUITY levels ...24/05/2021 (W candle)😊CASTROL INDIA EQUITY levels ...24/05/2021 (W candle)
Castrol India Weekly chart - LONG Castrol india go long bullish wolf wave pattern formed in weekly CHART.
T1- 136
T2 -167
T3 173
All view are educational purpose...
Can expect good returns if breaks the above resistance trendlineVery old trend-line and can see good up move if it breaks this.
Castrolind - Will break the trend line Price rejecting from the trend line from the top and it is finally getting ready to break.
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.
