CASTROLIND trade ideas
castrol- weekly traingleabove 200 breakout will b confirmed . can go long with 193 sl for 240 plus targets
If you understand the Pattern , You can double your account Here is Interesting part , when i see the Pulsing most dont see it unless some one show them , when i draw a trend line , most unseen is seen in the pattern form , If you understand the pattern , You will likely double your account with patience and holding till the reach to peak
CASTROLIND: RISK SELL@185.3 SL 191 TGT1:178.1 TGT2: 172CASTROLIND has sold twice its average volume on FNO Expiry Day. And closed near its Weekly support of 182.5. Since its near support it qualifies as an RISK cell (have to take small quantity).
Sell small quantity of CASTROLIND at 185.3 with SL of 191 and Target1 of 178.1 and Target2 of 172.
Please Note: Since its at Weekly Support, only trade with small quantity or take position in PUT.
Catrolind long based on Pinbar formation at supportCatrolind long based on Pinbar formation at support
Castrol India - Bearish BatNSE:CASTROLIND has formed bearish bat and one can short it below 416.90
T1 - 403.40
T2 - 395.20
SL - 432
Possible upside...Explained in chart....
Explained in chart....
Disclaimer:
All mypost are for educational purpose, non-advisory and non-directional....
If you are long be in it for next level If you are long be in it for next level
its going to make very fast move to the said target
Regards
Falling wedge breakout with positive divergent....Castrol gave a nice breakout and also expecting few more points....
Short on CastrolInd for 3 to 4 days
NSE:CASTROLIND
Can be shorted with a target of 388 and 382 with strict stoploss at 397.
Trade is on 2 hourly charts so patients is must.
Castrol - At crucial resistance NSE:CASTROLIND near its resistance with RSI indicating over bought
One can short it below 403.70
T1 - 387.15
T2 - 373.90
SL - 424.40
#CASTROLINDReversal on Weekly Basis confirmed
CCI > -100 on W
On D, CCI>100 (reversal confirmed)
Target 450 from first reversal strength candle
SL 360
Castrol on high rangeNSE:CASTROLIND has moved towards its upper band while staying on the negative trend
CMP - 378
Short below - 374.50
SL - 386 (breakout above that)
Target - 355 / 340
Castrol India Double/Triple BottomCastrol India Double/Triple Bottom
Created Hammer a day before yesterday and yesterday it created Doji and today Shooting Star
Seems like Good support which is hard to break so Lets go long with proper SL
Long at/above 355 with 347 SL
Target - 38.2% Retracement
#Castrol #Bullish bat #Channel Bottom #Demand Zone #RSI BullishCastrol India CMP 361.55
Target 370-375-380+
SL 349
Best Buy 355-358 Levels (All Levels are Cash levels)
castrolClassical charting 101: Edwards and Magee specified that valid breakout must move 3% past boundary line.
so following that strategy will be sell below 354 sl 366 target 300 and below
Castrol - Double support!NSE:CASTROLIND has taken double support with double bottom as well and trendline.
Castrol has also made a dogi at the bottom in a down trend signaalling reversal.
Buy Castrol above 365
Target - 370 / 393 / 407 High probability that Castrol will at least breach second target
SL 350. Short SL 356
