📌 Chart Insights:
Castrol India has just broken out of a falling wedge pattern, signaling a strong bullish momentum. What makes this breakout more convincing is the huge volume spike, confirming the presence of institutional or smart money.
🧠 Technical Highlights:
Pattern: Falling Wedge Breakout
Breakout Volume: 16M+ — highest in weeks ✅
Previous Resistance (₹204) now acting as support
🧭 Final Thoughts:
This setup looks technically strong for swing traders and positional holders. As long as the price holds above ₹204 with continued volume support, upside towards ₹240–245 looks likely in the near term.
Castrol India has just broken out of a falling wedge pattern, signaling a strong bullish momentum. What makes this breakout more convincing is the huge volume spike, confirming the presence of institutional or smart money.
🧠 Technical Highlights:
Pattern: Falling Wedge Breakout
Breakout Volume: 16M+ — highest in weeks ✅
Previous Resistance (₹204) now acting as support
🧭 Final Thoughts:
This setup looks technically strong for swing traders and positional holders. As long as the price holds above ₹204 with continued volume support, upside towards ₹240–245 looks likely in the near term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.