Breakout of falling wedge pattern has been done on CASTROL INDIA i'm waiting for the breakout and retest of the resistance before taking any long positions. Expected Target is 157.
NSE:CASTROLIND shared @ 110 and now Trading @ 155. Enjoy your Profits by book or Trail your SL.
7 Years of falling channel corrected as sideways triangle for 3 years from 2020 to 2023 now that sideways triangle breakout happened and also fundamentally good...
CASTROLIND Triangle pattern in Weekly. Target 150, if there is a breakout.
Reason for long a) w formation in development b) Ribbon, Renko QQE long c) volume and price spurt d) wave 3 possibility as fib retracement is at 0.618 e) price above the POC (point of control) indicates bullishness SL compulsory
NSE:CASTROLIND Shared with SL and now trading @ 153 Book partial or trail your profits.
Castrol India-Nice Breakout Capital to be deployed- 20k Investing Price -144-145 Breakout Price -143.90 Stoploss -130 Targets -177-198-227 #Castrol #StocksInFocus #StocksToBuy #stockstowatch #stocks #StocksInNews #SwingTrading #BREAKOUTSTOCKS
Castrol India give a monthly 5 year trendline breakout
NSE:CASTROLIND Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart. Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels. Weekly: • June 2nd week we can see a big green candle engulfing past multiple weeks. • June 3rd week there is rejection...
Castrol Go for long, Bullish pennant formed target will be 136
this stock take resistance sell cmp tgt will reach with in 3days
Reason for long a) Tri spot set up b) trendline breakout c) flase low d) good riskreward zone e) vwap support SL compulsory
Reason for long 1. Market structure - bullish 2. Consolidation before the Breakout : 2 month consolidation 3. Support-Resistance levels: Entry above 134 above resistance 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: horizontal as it is long term consolidation in higher time frame 6. Overlap with a Fibonacci level :...
NSE:CASTROLIND #NSE:CASTROLIND monthly time zone formed beautiful descending triangle, Entering in to high potential support zone. Marked the levels.
stock is heading up to 159/160 level which is the confluence of white trend line, yellow trend line, D point of AB=CD pattern and R3 PP..
Reason for long a) channel play b) this stock has recent time trending , howesoever, in weekly time frame showing pin bar as rejection; these pin bar some time works as rejection and other times as pull back. c) SL compulsory for intraday only
Castrol breakout its resistance with volume and retested. There may be a chance of uptrend if market support
Castrol India, a good news driven moment started. Entering into EV space. Breaking the horizontal boundary. Look for entry into it. I have few quantities from the beginning of rally and will be adding more after this level sustains.