CASTROL - LONG TERM HOLDA company that has strong fundamentals. After a long consolidation, the support is broken. first target is 150.
CHART STUDY, not a call
CASTROLIND trade ideas
CASTROL INDIA EQUITY levels ...24/05/2021 (W candle)😊CASTROL INDIA EQUITY levels ...24/05/2021 (W candle)
Castrol India Weekly chart - LONG Castrol india go long bullish wolf wave pattern formed in weekly CHART.
T1- 136
T2 -167
T3 173
All view are educational purpose...
Can expect good returns if breaks the above resistance trendlineVery old trend-line and can see good up move if it breaks this.
Castrolind - Will break the trend line Price rejecting from the trend line from the top and it is finally getting ready to break.
CASTROLIND | Nice channel breakout , 30% potential opportunityCASTROLIND | Nice channel breakout , 30% potential for second target.
CMP : 123
SL : 119
Target : 132, 158
1:2 risk reward setup for first target (8%) . But it has all the potential to goto second target, just need patience for that. Similar to our previous POLYCAB chart.
Castrol RSI DivergenceRSI failed to make a new high when prices made a new high.
This indicates a possible change in trend (or the current trend is becoming weak) which we can observe here.
Stocks to buy: Castrol IndiaBuy at CMP
STOP below 120 closing'
Targets 150+
AScending triangle pattern following, consolidation near resistence
CASTROL INDIA Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
Can go long on CASTROLIND Gave breakout with decent Volume
Can buy now on CMP 135 or on Dips till 120
for the target of 175++
Castrol india defying resistance NSE:CASTROLIND has successfully crossed its resistance after testing it twice and looks to go up. Target 170. SL 128
