BUY : 113 TO 120
TARGET : 150
Reason For Buying This Script :
In this script it is forming INVERTED HEAD & SHOULDER in monthly time frame. Now the price is coming to right shoulder, So try to accumulate in lower level.
Once the price close above the neck line in monthly time frame & the next target up to 176.
Note :
Above given levels are based on monthly...
*for educational purpose only.
Stock has given Breakout of down trendline in weekly time frame and currently price is at 200 days Moving average. Now wait for breakout of small trendline on daily closing basis.
Entry Price : 140.5
Stoploss : 126.45
Target 1 : 154.55
Target 2 : 160
Castrolind broke a major resistance zone above 140 few weeks ago and again back towards those levels which would act as support for next up move.
Another script for long term investment! long term triangle pattern can be seen on the chart with Monthly DZ as it's base, price tried to give a breakout but failed and RSI shows that clearly with a negative divergence.
Fresh longs between weekly swap zone and hold for long term.
Pivot Reversal Levels:
- Buy above 145.20
- Sell below 135
Castrol India Ltd - 03.08.2021
The stock is trading @ 140.80
There is MACD Bullish Divergence in Daily Chart
There is Stochastic Bullish Divergence in Daily Chart
The prices are above ema in Hourly Chart.
One can initiate a buy @ current levels with support @ 138.20
strong resistance @ 146
let the prices go above 155
target: 160, 166, 175
timeframe: 6-8 months
This scrip is expected to give huge breakout as it lies near support Zone. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏
Like i have mentioned in the video , its the point of confluence for 3 different trenline resistances. It also happens to be the 0.236 Fib retracement level from the Covid lows. I am a pullback trader and i try to spot entries early. This offers a very good RR of 1:5 at the very least.
The idea is in collaboration with my friend @Sarvagyasharma .
Entry @...
