Castrol India to watch out for fall on the week and daily chart for important support line
Note
Castrol perfectly broke the trend line , going down for key support areaNote
Key Support area is touchedNote
Now that castrol has touched out daily key support area , i am expecting it to down further till 104.8 level . monthly buyers area is there .
There is a divergence in monthly chart which can be observed easily . so our entry would be somewhere around 97 - 105, if there is bounce.
Trade closed: target reached
Analysis completed 104 , however chart is still not looking good for up move but not tracking it anymoreDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.