CASTROLIND trade ideas
Castrol Yearly Breakout on Daily ChartNSE:CASTROLIND
Castrol is making channel breakout on daily and weekly chart after 1 Year. It travelled in the range for more than 1 year and now making progress to break that out. Keep an eye for long. The target must the channel range.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
CASTROLIND - TREND LINE BREAKOUTAfter so many years in downtrend this stock has given trendline breakout and now its retesting the trendline ..
Also it has given wedge breakout..
so once the retest is done we can see some positive move in this stock..
This is only for educational purpose.. do your own analysis before making any investment..
Castrol India Trend line breakoutCastrol India Trend line breakout
can wait for retest
target short term 162
middle term 180
long term as per holding capacity
CASTROLIND CASTROLIND (Weekly):- 153.3 CMP LOOKS GOOD ABOVE 160 :)
1) Multiyear Breakout Candidate :)
2) Trend Reversal Candidate
Buy Castrol#Castrol
Weekly trend break out with volume
140-130 level is good support Now.
5 year Trend reversal.
225-250 level possible now.
Castrol India - Long Castrol India
It has broken last 4 years downtrend channel on weekly chart.
Its been consolidating for some months and It tried to break out back in march , but was pulled back
On daily chart, on 6/4 you can see huge volume with gap up opening
Fundamentally The company took a hit during last year lockdown, But Now Its has recovered back to it precovid level. so stock also would go back to it pre covid level soon.
My target is 160 for a quick 13-15%
Note:
Am not financial advisor, am just a small guy in this ocean trying to learn stuff.
Do your own analysis before taking any decisions.
Castrol India Long 1.Time frame - Weekly.
2.Trend - Bullish for the long term.
3 Pattern - Falling channel pattern Breakout.
#34 CASTROL GONNA THROTTLE UP#34 (GENIE IDEAS) BREAKOUTS AHEAD. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl ,tcs ,exide, tata power.
CASTROL LONG
1)Breakout on Weekly time frame with good volumes
2)Buyer Building up as Higher Lows are being formed
Can be bought on a positional basis with proper stop loss and risk management
Castrol WeeklyCastrol Weekly breakout with Decent volume in last 2 weeks. Target and SL mentioned on chart
Castrol india ( 5 june 2021 INTRADAY) please read the text information given in chart
sell stratagy hi raheega
take entry for sell when candle low break ,
in case of inside candle take entry at the low of second candle for sell
for hammer , take entry at the low of cande for sell
in most of the case , we take entry in sell when the candles low break
CAstrol longThere has been a good consolidation, and stock has been following a very tight range for the last few weeks.
SL -114
Tgt- 175
