Castrol India - Long
Castrol India
It has broken last 4 years downtrend channel on weekly chart.
Its been consolidating for some months and It tried to break out back in march , but was pulled back
On daily chart, on 6/4 you can see huge volume with gap up opening
Fundamentally The company took a hit during last year lockdown, But Now Its has recovered back to it precovid level. so stock also would go back to it pre covid level soon.
My target is 160 for a quick 13-15%
Note:
Am not financial advisor, am just a small guy in this ocean trying to learn stuff.
Do your own analysis before taking any decisions.
It has broken last 4 years downtrend channel on weekly chart.
Its been consolidating for some months and It tried to break out back in march , but was pulled back
On daily chart, on 6/4 you can see huge volume with gap up opening
Fundamentally The company took a hit during last year lockdown, But Now Its has recovered back to it precovid level. so stock also would go back to it pre covid level soon.
My target is 160 for a quick 13-15%
Note:
Am not financial advisor, am just a small guy in this ocean trying to learn stuff.
Do your own analysis before taking any decisions.
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