Technical Pick – Castrol India
• Castrol is finding support at 400 and resistance above 416.
•On Daily chart,Break and sustain above 416 will see nonstop rally till 432---445++ in weeks to come.
•Castrol has finally given its breakout on daily chart which has turned the trend to positive.
•RSI is also trading above 78 levels which indicates that upper side seems certain in it.for positional trade, stop loss seeing below 400 on closing basis which in unlikely to breach in near terms.
Trading Recommendation (3rd Nov 2017)
Buy Castrol India future or cash above 416 and for the initial upside target of 432--445++ mark with stop loss below 400 on closing basis.
More will update soon!!!
