SWING IDEA - CASTROL IND

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

İşlem aktif

Stock retested the crucial levels and bounced back as we expected.
We are 4% up from our buying price.

İşlem kapandı: hedefe ulaştı

we achieved our first target 17.5%

Not

Price retraced and took support from 186 level.
We can hold this for further targets.

Not

Achieved 27%++

Not

Price is consolidating, if we get a weekly close above 215 then up move is possible

Not

HOLD

Not

we could see 242 levels soon, hold!

İşlem kapandı: hedefe ulaştı

2nd target achieved : 40%++

Not

Achieved 44%++

Not

50%++ achieved

İşlem kapandı: hedefe ulaştı

3rd target achieved : 54%++

Not

hold!

Not

bullish engulfing candle on weekly timeframe, we can see further upmove

Not

made a new high, we are up by 58%++

Visionary_Growth_Insights

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

Visionary_Growth_Insights