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
交易开始
Stock retested the crucial levels and bounced back as we expected.We are 4% up from our buying price.
交易结束：到达目标
we achieved our first target 17.5%注释
Price retraced and took support from 186 level.We can hold this for further targets.
注释
Achieved 27%++注释
Price is consolidating, if we get a weekly close above 215 then up move is possible注释
HOLD注释
we could see 242 levels soon, hold!交易结束：到达目标
2nd target achieved : 40%++注释
Achieved 44%++注释
50%++ achieved交易结束：到达目标
3rd target achieved : 54%++注释
hold!注释
bullish engulfing candle on weekly timeframe, we can see further upmove注释
made a new high, we are up by 58%++
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。