Castrol is currently consolidating. There is a possibility of a symmetrical triangle breakout. Go long at 390 for initial target of 400 and CBSL of 384
CASTROLIND is buy oppurtunity for target of 400.
CASTROLIND is a buy for Target 460 , sl of 361.
SIMPLY EXPLAINED IN CHART
CASTROLIND Is BUY Above 395.5 Target 400 SL@ 393 SELL Bellow 390 Target 387 SL@392
After Retesting the zone of 397's , expecting Castrol to move further down towards 387's zone. The trade setup is simply based on Support turned Resistance Retest, will see how the trade pans out... !
i am looking this stock as possible buy on two views 01) if the stock brakes and tag to lower TL i am looking for long for Target of 420 02) it is also possible the price can slide side ways and brakes the upper trend line and can make impulsive move to Target 420 Lets see what happens on Monday Regards
It is been observed on the daily chart that the price action is breaking above the trendline resistance, indicating further bullishness ahead. It shall further move up as higher lows also formed. Target: 418 Stoploss: 405
Descending Triangle pattern on Castrol India and it will break only on downside or if broken in other side is consider as false breakout / pattern failure. Trade: Short below - 396.00 Target 1 - 385.50 Target 2 - 375.50 Stop loss - 405
Perfect Oldest HARMONIC Pattern: Perfect Bearish ABCD Where Length of "AB" = 21.80 & "CD" = 23.90 (Nearer Equal) Attempting CUP Pattern (Traded at Bottom of "CUP" ) RSI +VE Divergence in Daily Chart. Go LONG: @ 400.10 - @ 400.90 Best Buy or Accumulation Zone: @ 398.50 - @ 396.10 TARGT (intraday / Swing): @ 402.70, @ 404.60 , @ 406.70. TARGT (Short...
stock is in down trend bounced from low it's seems the original trend is resuming below 406 towards 401/396/389 sl 420
Castrol is in downtrend forming pattern of lower highs and lower lows, so may be its play on short side keeping sl 408. But observe price action before going short.
Targets : 384 Sell range : Below 408 Stoploss : 439 Duration : 3-4 weeks Daily timeframe chart of this stock (CASTROLIND) has been in a sharp down trended move over the last few sessions.. Presently, the stock has witnessed a breakout of an “Inverted Bearish Flag” pattern on the daily charts with surge in volumes. After a sharp downside...
stock is in down trend gave a bounce from low, and faced resistance and resuming the original trend one can look into this stock at current levels for target towards 410/405/403 with sl placed at 428