CASTROLIND ON A BREAKOUTCastrol after caonsolidating for about 20 weeks has given a breakout on high volume. CMP 123, SL 120 and target 133, 159.
Disclaimer: This is not an advice to buy and sell. For educational purpose only.
CASTROLIND trade ideas
# castrol # Decending triangle breakout.buy around 120 to 123 with a stoploss 0f 110...target will be 130...135..140++
Castrol india long Castrol india looks good for upside in coming months.
#positional
Buy Castrol india at 116
Target: 124, 142, 180+
Sl: 94
Buy it in dips till 105
Time frame: 9-12 months
Castrol india Chart Structure looking weakHello Traders
Castrol india is on verge of breakdown , Good downside could be seen if break mentioned level.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Elliott WaveIf you look at the larger picture, the long Elliott wave seems to be in in the final "C" wave. Meaning, sooner or later the impulse wave will start its "1" wave for long-term climb.
Happy to have your thoughts.
Castrol India Ltd.After reading the graph which goes back alost three years, one can see that this is a downward slope graph. The stock has fallen down from 208 to 111 CMP. Reading the graph for 2020, the fall which was expected to come around September was experienced in March because of the lock down. Also, upon conducting a trade volume analysis, it is visble that the Share was overbought in the month of February,2020, thus the fall was inevitable. If things were normal, we could have observed seen the share going as low as 90 in the month of september. Coming to the future prospect of the share, after drawing the pitchfork trendline (6-Months), it is visible that the stock is currently trading the lower imbalance of the pitchfork. The pitchfork trendline for 3 years depict that, the share was trading in the upper imbalance for a long period and has been in the lower side of the pitchfork. The future of the share as per me is:
1. if the trendline conitnues, the stock could go as low as 85 (-24.07%) in the month of December.
2. If the trendline breaks, it may go as high as 135 (+20.59%) in the month of december.
The course of the trendline will be evident near the end of October and the start of November.
Castrol India Watchlist Breakdown or BreakoutNeutral view from Charts but RSI is giving some signal
Comment your views
CASTROL: Advance pattern (W+Flag) + Advance MA (MA 200+EMA 200)Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Entry: 124.5
SL: 121
Target: 133
RR: 2.5
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Castrol India Elliott Wave Theory PerspectiveDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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Castrol India Chart Pattern & Trend Analysis !!TREND ANALYSIS & TRADE SETUP !
TRIANGLE CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
CASTROLIND : Trade SetupNSE:CASTROLIND
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CASTROLIND - Trendline Support with huge delivery volume (1:3)1) Trendline Support + Hammer Candle (30 Min, 1 Hour, 2 Hour) + RSI recovery
2) Recent delivery volume data's are solid, buyers are utilizing the dips
Last day : 60.19%
3 day : 56.22%
5 day : 39.47%
8 day : 44.45%
CMP : 121.15
Target : 129.50
SL : 118.50
1:3 Risk Reward
Castrol watch for fall on day chart , week chartCastrol India to watch out for fall on the week and daily chart for important support line
CASTROL INDIA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
