castrolind : 141.60
trade set up :
1. buy above 150.50
2. keep stop loss as 128 on closing basis
3. targets 162/186/222+
buy based on technical :
1. rounding bottom
2. multiple time frame analysis
3. resistance
4. value buy
note :
breakout attempted once and retested ,
results were too good last quarter .
good long term pick .
its almost debit company at...
Castrol India has been respecting these trend-lines since 2007 August, when it began its journey. Now we can see a clear breakout, but it is respecting the 50 EMA and hence it might retest the breakout level. If so, enter at this pullback with minimum stop loss and ride the trend. It is in monthly timeframe. So after an initial leap, the growth might be slow....
CASTROL IND GAVE BREAKOUT OF RESISTANCE ZONE AND NOW TAKING SUPPORT AT THAT ZONE.IT ALSO GAVE TRENDLINE BREAKOUT ,BUY AT 140/145 WITH STOP LOSS 135
FOR TARGET 153/160/170
Hi Guys,
Please find the detailed analysis of my view in Castrol India Ltd
Time Frame of Chart - Daily
Current Trend: Bullish
Trend Reversal Pattern found in Candle Stick: Yes - Bearish Engulfing
Volume Support the Reversal based on Candle Stick : No
Whether EMA50 Cross EMA200? Cross
ATR Volatility? Down
Chart Pattern: Triangle and Parallel Channel
Build Up...
MACD crash alert
Narrow range
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cstrol ind. was in a downtrend for a long time , now it has given a breakout and have stayed above resistance successfully , this can be a big opportunity for swing traders or investors because its the starting of the rally . my personal target is 300+ before 2021 ends.
Market Analysis
Live Challenging Stock Market Analysis #CASTROLIND Buy @ 151.30
Target @ 140.20
#sharemarket #castrilind #Nse #stockmarket
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Castrol India has broken out of nearly 7 year trendline resistance
Expect good movement from here
Levels are mentioned in the chart
Stop Loss can be adjusted as per your risk appetite
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Please stay safe. Happy Trading!
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Segan
Castrol Ind has broken multiple Weekly EMA resistances, long term trend resistance and a short term resistance with only increasing volumes...
Stock is sure to touch 160 levels which may offer resistance in short term..
All details on chart.. Keep an eye on this one.. upside is huge if traded correctly..
