CASTROL potential breakout - Strong prior uptrend
- VCP formation
- Volume dry-up
- Forming higher lows
- Tight price action
- Low risk entry
CASTROLIND
SWING IDEA - CASTROL INDThere 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
CASTROL INDIA LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.1
#CASTROLIND
Buy Price - 200 (CMP 203)
SL - 185
TARGET - 230 (15%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Castrol India (NSE: CASTROLIND) ForecastBased 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, where it has shown some consolidation.
3. Potential Bounce: If the stock finds strong support and breaks above the descending trendline, it could head towards the resistance zone.
- Buy Target (TP): 207
4. Bearish Scenario: If the stock fails to hold the support and breaks below 182.85, it could fall further towards the lower end of the support zone.
- Sell Target (TP): 175
Strategy:
- Wait for Breakout and Weekly Close: It is suggested to wait for a breakout above the descending trendline and a weekly close above this level to confirm the trend reversal before entering a buy position.
- Buy Position: If the stock breaks above the trendline and closes above 190 with good volume, consider buying with a target of 207.
- Sell Position: If the stock breaks below the immediate support level of 182.85, consider selling with a target of 175.
Conclusion:
- The stock is at a critical juncture, and the next few trading sessions will be crucial in determining its direction. Monitoring the price action around the support zone and the descending trendline is essential for making informed trading decisions.
CASTROLIND Rectangular pattern Breakout after good Consolidation.
Volume Buildup .
Good for Short term.
Target 252 , 305 ,360 .
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Buy CASTROLIND 167 - 173 SL 160 Tgt 195-220Buy CASTROLIND 167 - 173 SL 160 Tgt 195-220
I am expecting 15-30 % return positional basis on this trade
CASTROLIND 40% up 🚀🚀🚀🚀NSE:CASTROLIND shared @ 110 and now Trading @ 155.
Enjoy your Profits by book or Trail your SL.
CASTROLIND 34 % !!NSE:CASTROLIND Shared with SL and now trading @ 153
Book partial or trail your profits.
CASTROLIND Descending Triangle !!NSE:CASTROLIND
#NSE:CASTROLIND monthly time zone formed beautiful descending triangle,
Entering in to high potential support zone. Marked the levels.
Castrol India dont miss out on this one.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.
I bought Castrol IndiaI bought Castrol India
Candles above 100 & 200 EMA
RSI bullish
Manual trend is bullish as well
SL 95
T1 115+ and T2 open
I think we may witness a strong up move in 3 to 6 months
CASTROL INDIA - Looks GoodThere 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
CASTROL INDIA Levels...M Candle (30.12.2021)CASTROL INDIA forming Bullish hormonic pattern ,will expect 200+ in 2022
Castrol India Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is based on fundamentals.
Castrol India Buy low Sell high Castrol India is in range bound Buy low at 113 and sell high at 131 if it doesnt give breakout. if it gives breakout at 131 strong buy till 140 and 160 levels
R-0143 Invest in Castrol India on long term for TGT 128/136We feel investors could buy the stock at LTP and add on dips to Rs 106 –108 band (~12.5xCY21E EPS) for a TGT of 128/136.
On hourly chart data is strong as its above VWAP+MACD cross over + TK line crossover and on daily chart strong data starts to form with approaching cloud breakout we assume the trend to continue. So buy at correct price and dip with 2 quarter holding period.
CASTROLIND, SHORT STOCK, NSE:CASTROLIND STOCK IS LOOKING BEARISH,
THE STOCK IS LOOKING DOWNSIDE FOR A WHILE, IF MARKET IS FOLLOWING A PATH THEN IT HAS TO REACH THE 'C' LEG TO LOOK BULLISH
RANGE IS 72 TO 92 IS ENTRY FOR LONG RUN, OTHER WISE KEEP A SHORT POSITION IN FUTURES.
PLEASE REVIEW AND COMMENT YOUR VIEWS,
FOR FURTHER DETAILS CONTACT US TO WRITETOMONK@GMAIL.COM
DISCLAIMER: THE POST IS FOR ONLY EDUCATIONAL PURPOSE
CASTROLIND (Castrol India Limited) SELL BELOW 149.8CASTROLIND (Castrol India Limited) SELL BELOW 149.8
Castrol looks good for upmoveCastrol broke out today and looks ripe for an upmove in short-term with 380 as sl.
