multiple resistance/rounding bottom buycastrolind : 141.60
trade set up :
1. buy above 150.50
2. keep stop loss as 128 on closing basis
3. targets 162/186/222+
buy based on technical :
1. rounding bottom
2. multiple time frame analysis
3. resistance
4. value buy
note :
breakout attempted once and retested ,
results were too good last quarter .
good long term pick .
its almost debit company at good valuation to pick
CASTROLIND trade ideas
Breakout in a decade long triangle pattern in Castrol IndiaCastrol India has been respecting these trend-lines since 2007 August, when it began its journey. Now we can see a clear breakout, but it is respecting the 50 EMA and hence it might retest the breakout level. If so, enter at this pullback with minimum stop loss and ride the trend. It is in monthly timeframe. So after an initial leap, the growth might be slow. Don't expect Utopian bullishness forever.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
Castrol India Ltd - Triangle and Channel Breakout - LongHi Guys,
Please find the detailed analysis of my view in Castrol India Ltd
Time Frame of Chart - Daily
Current Trend: Bullish
Trend Reversal Pattern found in Candle Stick: Yes - Bearish Engulfing
Volume Support the Reversal based on Candle Stick : No
Whether EMA50 Cross EMA200? Cross
ATR Volatility? Down
Chart Pattern: Triangle and Parallel Channel
Build Up happened before /after the breakout of the Chart Pattern? Yes
Breakout Happened? Yes
Breakout Happened with god volume in Chart Pattern? Yes
Post Breakout Next Candle in-line with breakout candle? Yes
Retest Happened? Yes
CPR? - Bullish Bias
What type of CPR? Narrow
Previous Virgin CPR is there? NO
Whether Breakout happened near the CPR? Yes
Support: 143.20
Resistance: 181.75
Trading:
Buy : Above 145.75
SL - 140.50 ( Closes Above Daily in TF)
Target - 181.75
Risk: 5.25
Reward: 36
Ratio: 1:6.9
Trade is Favorable ? Yes
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor.
CASTROL 💧💧 - Quick Swing 8 % 🌱MACD crash alert
Narrow range
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Take trade as per the values given in Fibonacci. always trail the stop loss. Do your own analysis before taking trade
castrol ind finally broke big downtrendcstrol ind. was in a downtrend for a long time , now it has given a breakout and have stayed above resistance successfully , this can be a big opportunity for swing traders or investors because its the starting of the rally . my personal target is 300+ before 2021 ends.
Live Challenging Stock Market Analysis #CASTROLIND Buy @ 151.30Market Analysis
Live Challenging Stock Market Analysis #CASTROLIND Buy @ 151.30
Target @ 140.20
#sharemarket #castrilind #Nse #stockmarket
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Castrol India has broken multiyear trendline resistance!Castrol India has broken out of nearly 7 year trendline resistance
Expect good movement from here
Levels are mentioned in the chart
Stop Loss can be adjusted as per your risk appetite
If you found the idea useful, give a like and show your support. Thank you!
Please stay safe. Happy Trading!
Regards,
Segan
#CASTROLIND ... Arriving at 160 soon.. Is 210 the next station??Castrol Ind has broken multiple Weekly EMA resistances, long term trend resistance and a short term resistance with only increasing volumes...
Stock is sure to touch 160 levels which may offer resistance in short term..
All details on chart.. Keep an eye on this one.. upside is huge if traded correctly..
Castrol Yearly Breakout on Daily ChartNSE:CASTROLIND
Castrol is making channel breakout on daily and weekly chart after 1 Year. It travelled in the range for more than 1 year and now making progress to break that out. Keep an eye for long. The target must the channel range.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
CASTROLIND - TREND LINE BREAKOUTAfter so many years in downtrend this stock has given trendline breakout and now its retesting the trendline ..
Also it has given wedge breakout..
so once the retest is done we can see some positive move in this stock..
This is only for educational purpose.. do your own analysis before making any investment..