this stock complete wave flat correction daily chart minmum upside 132 .keep watch this stock
Go Long above 126.3 for Targets of 139.65, 153, and 166.35 with SL 112.95 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color)...
As we have seen that the auto sector is bullish, with that company like Castrol will also see the benefit. Entry: CMP t1: 133 t2: 141 t3: 149 SL: 125
Buy at : when crosses 126 stoploss : 120 Trend will change to bulllish after crossing 126
Long downtrend + consolidation at bottom seems the it going get a trend reversal + its debt free company(fundamental)
Castrol is nearing the channel on daily time frame need lookout for channel and resistance intersection 126 looks crucial. Hope it wont break that resistance.
If break 120 next support level 106 so you can invest sip these levels. this is my idea only . think before invest.
#Castrol india bullish harmonic Target -130+ PRZ-121.60 Sl-119 CMP:123.10 @23 December 2021
I am Bullish on Castrol India Ltd for both Short and Long term. Healthy Dividend and Good Fundamental Stock. Short term( Targets 1 & 2 ) are mentioned in the chart with Stoploss also.
CASTROLND my view is bullish and we can buy till the base support of 120RS in case of correction it looks very good to buy as it has strong fundamentals also. WITH MINIMAL SL OF 115-118 C.B IT HAS BEEN CONSOLIDATING SINCE JUNE
NSE:CASTROLIND Break-Out from 4 Year Downward Channel RSI BO above 66 after 2 years CMP : 141 is above Long term moving averages Tgts : 153 - 181 - 202 SL : 120 R:R 1:3 Chart for educational purpose
Long Buy. Please comment your view on my analysis.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
On technical analysis found that there is long muti time frame triangular pattern as a primary trend and we have a channeled secondary trend that is nearing the breakout and has a higher probability of moving upside in the near long term. Can buy and hold on the dip. *Only for Learning Purpose*
Please wait for breakout with volumes and take entry accordingly
1. Castrol India Limited is an automotive and industrial lubricant manufacturing company. 2. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% market share in the overall Indian l lubricant market. 3. It is part of Castrol Limited UK. 4. It has 5 manufacturing plants...
Weekly breakout for Castrol.. Explained in chart... About to break traingle pattern on weekly basis and on upside