CASTROLIND-BUY
Current Market Price: Rs.132.00
Stop Loss: Rs.128.80
Target: Rs.144.40.
Risk Reward: 1:3.875
On daily chart there is strong support and pullbacks are weak.
NSE:CASTROLIND Short at 131.05 with SL 131.55 and TP 130.05
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Had told to go long @ 117.80 on 16th Aug 2019 (Friday) ... It made a high of 120.25 in Intraday Trading. We r talking abt a 2% move guys ... Hope u all minted.
This one i am looking as last correction before it makes its Major Turn-around
One can look for entering long on drop & Reversal based on weekly and sit with investment which will give Good returns
Good Luck
Castrol India Limited is an India-based company engaged in providing coke and refined petroleum products. The Company is involved in manufacturing lubricating oils. The Company operates through two segments: Automotive and Non-Automotive. The Company's brands include Castrol Activ, Castrol Power1, Castrol GTX, Castrol MAGNATEC, Castrol EDGE, Castrol CRB Turbo, Castrol VECTON and Castrol Go!. The Company's products also include Castrol CRB Multi, Castrol CRB Turbo Plus, Castrol Vecton CI4+ and Castrol Magnatec Professional OE 5W20. The Company offers Non-automotive lubricants, such as industrial lubricants, and marine and energy lubricants. The Company operates across three market sectors of the lubricants industry: Automotive, Industrial, and Marine and Energy applications. The Company offers products for cars, motorcycles, scooters and trucks, among others. The Company's holding company is Castrol Limited.
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CASTROLIND
![CASTROLIND: CASTROLIND Short Setup [Intraday]](https://s3.tradingview.com/7/7GJ0Qxka_mid.png "CASTROLIND Short Setup [Intraday]")
