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SWING IDEA - CASTROL IND
CASTROL INDIA LTD
Long
SWING IDEA - CASTROL IND
By Visionary_Growth_Insights
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Updated
Jul 18
3
2
Dec 26, 2023
There seems to be a strong breakout in
CASTROL IND
. This could potentially be an excellent swing trade.
Reasons are listed below :
Multiple tests on 161 levels and finally the price broke these levels with high volumes.
Marubozu candle (bullish sign) on weekly timeframe.
Breakout after a strong consolidation of
5years
.
Stock price is above 50 and 200EMA i.e the trend is intact.
Target - 213 // 242 // 271
StopLoss - weekly closing below 145 levels
Jan 29
Trade active
Stock retested the crucial levels and bounced back as we expected.
We are 4% up from our buying price.
Feb 19
Trade closed: target reached
we achieved our first target 17.5%
Apr 1
Note
Price retraced and took support from 186 level.
We can hold this for further targets.
Apr 11
Note
Achieved 27%++
May 8
Note
Price is consolidating, if we get a weekly close above 215 then up move is possible
Jun 18
Note
HOLD
Jul 1
Note
we could see 242 levels soon, hold!
Jul 3
Trade closed: target reached
2nd target achieved : 40%++
Jul 6
Note
Achieved 44%++
Jul 15
Note
50%++ achieved
Jul 18
Trade closed: target reached
3rd target achieved : 54%++
Aug 11
Note
hold!
Aug 23
Note
bullish engulfing candle on weekly timeframe, we can see further upmove
Aug 28
Note
made a new high, we are up by 58%++
breakouttrading
buyzone
CASTROLIND
Chart Patterns
indianstocks
Technical Indicators
nse
priceaction
swingtrading
Technical Analysis
Trend Analysis
Visionary_Growth_Insights
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