Castrol Looks Good for Mid to LongSeems its following the down trend channel for a long period of time and looks to breakout in short time with the TGT 1 of 120-130. Hold tight !!
CASTROLIND trade ideas
YE CASTROL NAHI HAI PAISA HI PAISA HAIinvestment ke liye right time h kuch month baad bohat acha return dega. 2018 ke baad isme momentum aaya hai. ek bar iski monthly candle 50ema ke uppr closing de degi uske baad phela target 150-155 ka rahega
MULTIYEAR BREAKOUT
Castrol taking support at previous closing high breakoutEntry - 131.50
Entry Reason - Taking support at previous closing high breakout range of 129
SL - Close below 129
Target - 136
Bullish on weekly time frame castrolI am very bullish on castrol ind 'also look on monthly time frame
Stock is giving good sales growth as well
CASTROLIND - Head & Shoulder pattern breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
CASTROLIND - Ichimoku Bullish Breakout Stock Name - Castrol India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 132
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Castrol India : Breakdown ReadyLogic: Symmetrical Triangle (Pandant pattern breakout)
Trade: Sell below 123, SL: 125. T: ~119.
Castrol India : Bullish Breakout readyAfter 4 bullish candles, there is a bearish candle. But today's green candle formation creates a nice Bullish Tweezer Patten with considerable volume.
It is also broken a resistance level of 124.
Buy above 125.50 with a SL of 123 for a target of 130.
CASTROLIND Give Good Breakout On Weekly TFGive good breakout just keep eye if give close abv breakout level then can see big up move
here on chart mention level
only for education purpose
Long term benifitCastrol have break its channel pattern by Monthly and Weekly time frame and hangs over 110 . good to accumulate for long time. * Learn and invest *
CASTROLForming a bearish flag pattern on day chart, but available at an attractive price. One can accumulate for long term investment. Traders can short if we get a breakdown. Note : for educational purpose only.
CASTROL INDIA IN DOUBLE BOTTOMCASTROL INDIA in Double Bottom and breakout happened with volume
Now price trading in pull back , Should hold 109.50 /109 for the short term targets of 114/117.50...........
Trade according to your own risk ....................
CASTROL INDIA LONG-TERM SWING TRADEHello, castrol india long-term swing trade buy: 105 target: 214 stoploss: 98.
LOGIC BEHIND TRADE: Stock is trading on monthly support on 1w chart formed bullish candle above high breakout buying strategy (target identified from harmonic half bat pattern level 0.58) stoploss is taken low of bullish candle, RR looks good in stock. NSE:CASTROLIND
bullish harmonics buy castrolind : cmp 105.85
trade setup :
1. buy in range 106 to 102
2. keeping 90 as stoploss on closing basis
3. targets : 128 / 142 / 158+
technical set up :
1. buy based on bullish harmonics pattern
2. fibonacci retracements levels of .886
3.price reversal from strong multiple support zone
4. value buy in sector
5. debt free company
6. strong consistent Q ON Q results
CASTROL INDIA on strong supportCastrol India 110 is on strong multi year monthly support. Breakdown below 100 will lead to 75-80 range
castrolbuy at 97/97.5 with sl below 88cl for 120/135++
nice script for holding purpose also .......................
CASTROLCastrol is very close to a strong support zone on the monthly chart. Long term investors of castrol can look forward to average at this price. Note : For educational purpose only.
castrol indiai m looking for short. why?
because trend is down. and
green area mentioned in chart is support level. wait for right time for entry good luck traders.
castrol is getting full attention.......it has reached the buy zone.
I'm expecting a huge (impulsive) move from here.
Disclaimer:
im not a SEBI registered advisor.
CASTROLINDthis stock complete wave flat correction daily chart minmum upside 132 .keep watch this stock
Positional or Longterm Opportunity in CastrolGo Long above 126.3 for Targets of 139.65, 153, and 166.35 with SL 112.95
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this the stock gave Trendline breakout on a monthly timeframe & is retesting the same Trendline.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Castrol Swing Trade IdeaAs we have seen that the auto sector is bullish, with that company like Castrol will also see the benefit.
Entry: CMP
t1: 133
t2: 141
t3: 149
SL: 125
