There seems to be a strong breakout in CASTROL IND. This could potentially be an excellent swing trade.
Reasons are listed below :
Target - 213 // 242 // 271
StopLoss - weekly closing below 145 levels
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
交易進行
Stock retested the crucial levels and bounced back as we expected.We are 4% up from our buying price.
交易結束：目標達成
we achieved our first target 17.5%註釋
Price retraced and took support from 186 level.We can hold this for further targets.
註釋
Achieved 27%++註釋
Price is consolidating, if we get a weekly close above 215 then up move is possible註釋
HOLD註釋
we could see 242 levels soon, hold!交易結束：目標達成
2nd target achieved : 40%++註釋
Achieved 44%++註釋
50%++ achieved交易結束：目標達成
3rd target achieved : 54%++註釋
hold!註釋
bullish engulfing candle on weekly timeframe, we can see further upmove註釋
made a new high, we are up by 58%++
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。