CASTROLIND trade ideas
Castrol Swing Trade Simple Swing theory. Apply weekend strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
CASTROLIND LONGCASTROLINDIA looks like a promising reversal at this moment. We Initially, predicted an up move on 13th Yet, it gap down violently below the demand zone and just recovered from the bottom without any volume
Such a recovery without any volume tells us that there are no selling pressure in the market and this is just a mark down from long term buyers after accumulation.
Stock may accumulate a still and rise steadily up.
1) Previous zone of demand
2) 14th mark down by sellers
3) Look at the extremely huge volume failing to bring the stock down, instead it just went up.
What all these say ? Simple end of down move.
Lets see whether we have picked the bottom or not .. Happy Trading.
Castrol - BUY but Only after a Pull Back,Castrol Can be bought around 162-165 Levels.
Reason:
Price is trading near the lower end of the downward channel and a Strong Bullish Weekly Closing above 23.7 % Fibo Level.
Stop Loss : 152
Target 1 : 190
Target 2 : 200
Very good Risk to Reward at given entries. Pull Back is Expected after last Week's Straight Run with Nifty.
Patience is your Friend, wait for an entry. Missing the Trade costs Nothing, 0.
CASTROLIND is For Swing TradingPrice broke out of EMA 50, after giving breakout it is in pullback mode.
Looks like it is taking support on EMA 50 and formed inside bar.
MACD also confirms up trend as it is facing up and crossing zero line.
Risk Reward ratio would 1:2.
CASTROL CASH : LOOKS GOOD ABOVE 176.5CASTROL CASH
30 JULY 2018
LOOKS GOOD ABOVE 176.50
SL 172
TGT 179/182
CMP 172
sell CASTROLIND in Supply zone, Valid only for 27 July 2018sell CASTROLIND in Supply zone, Valid only for 27 July 2018
Castrol longRisky experimental long to observe.
Can add/carry position once upmove confirmed.
Hence small sl.
CASTROL positional long for 1-2 weeksAlready added one lot CASTROL 165CE.
Look for more, CASTROL 165CE Buy range 2.4-2.7 SL 1.8 TRGT OPEN
Buy CASTROLIND in demand zone (valid only 9 to 13 July 2018)Buy CASTROLIND in demand zone (valid only 9 to 13 July 2018)
Buy CASTROLIND in demand zone (valid only in July 2018 month)Buy CASTROLIND in demand zone (valid only in July 2018 month)
Short term Swing trading-CASTROLIND-ShortCASTROLIND looks bearish for short term.
Sell Below: 165 for targets -
T1: 157
T2: 153
T3: 150
SL: 173.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
PF Demand Zone Double Bottom Confluence Pitchfork seems to be catching the price movement well and a good demand is observed at current level. RSI is also out of Oversold zone. Trading setup looks attractive with affordable SL as the details given below
Entry 167, SL 161, Target 186. It is worth taking small risk that offers a good Risk to Reward ratio of above 3.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
My PredictiveEngine's Intraday call(13-Jun-18)-CASTROLIND-LongBased on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 13-Jun-2018 for CASTROLIND
Buy Above: 171.2 for targets -
T1: 172.5
T2: 173.3
T3: 174.1
SL: 169.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
CASTROL - BREAKING OUT after failing twice to break out of neckline. finally today its giving a breakout plus closing above neckline .. extremly positive candle for Castrol . can expect 230 levels soon
