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
Trade aktif
Stock retested the crucial levels and bounced back as we expected.We are 4% up from our buying price.
Trading ditutup: target tercapai
we achieved our first target 17.5%Catatan
Price retraced and took support from 186 level.We can hold this for further targets.
Catatan
Achieved 27%++Catatan
Price is consolidating, if we get a weekly close above 215 then up move is possibleCatatan
HOLDCatatan
we could see 242 levels soon, hold!Trading ditutup: target tercapai
2nd target achieved : 40%++Catatan
Achieved 44%++Catatan
50%++ achievedTrading ditutup: target tercapai
3rd target achieved : 54%++Catatan
hold!Catatan
bullish engulfing candle on weekly timeframe, we can see further upmoveCatatan
made a new high, we are up by 58%++
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.