Based on the 4-hour chart for Castrol India (NSE: CASTROLIND), here is the summary:
Key Levels:
- Resistance Zone: 200-210
- Support Zone: 175-185
Current Price:
- Current Price: 187.65
Chart Analysis:
1. Downtrend: The stock has been in a downtrend, as indicated by the descending trendline.
2. Support Zone: The stock has reached a support zone between 175-185,...
There is been a positive shift in the price structure of the stock.
Sustaining 110 levels, the stock is probably moving towards 125 - 130 levels in the coming weeks.
Trade type: Positional long call
