CASTROLIND trade ideas
Castrol India Elliott Wave Theory PerspectiveDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
Please support us to help more people..
Castrol India Chart Pattern & Trend Analysis !!TREND ANALYSIS & TRADE SETUP !
TRIANGLE CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
CASTROLIND : Trade SetupNSE:CASTROLIND
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* This analysis is educational/learning purpose only. Invest/Trade at your own risk.
Trade well,
**********************************************************************************************************************************
CASTROLIND - Trendline Support with huge delivery volume (1:3)1) Trendline Support + Hammer Candle (30 Min, 1 Hour, 2 Hour) + RSI recovery
2) Recent delivery volume data's are solid, buyers are utilizing the dips
Last day : 60.19%
3 day : 56.22%
5 day : 39.47%
8 day : 44.45%
CMP : 121.15
Target : 129.50
SL : 118.50
1:3 Risk Reward
Castrol watch for fall on day chart , week chartCastrol India to watch out for fall on the week and daily chart for important support line
CASTROL INDIA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
CASTROLIND short ideaMarabozu candle at support, gap down could be a sell in trade.
Just for Education. Thanks.
"Castrol India " "Long" Since April Castrol India is in Recovery mode. The Stock is forming an Ascending Triangle pattern. After a breakout the stock can be seen touching 158-160 levels in the coming 3 to 6 months. The stock is also good from fundamental point of view. The company is almost debt free and operations are returning to normal conditions.
Castrol Ascending triangle PatternPositional view
Ascending Triangle in Daily.
Buy above 132, sustained
can fetch 140
CASTROL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Synergistic Pattern: Advance pattern (W+Flag) + MA 100 Levels are mentioned on chart for Swing trading.
Please like & share this pattern. Comment with what do you think.
Follow me @ tradingview for more updates!!!
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
---------------------------------------------------------
Castrol - "CASH"trol !!! Did I spelled correctly ?Keep Observing -
This post is only for observation
I am not SEBI registered and not a Pro.
