BUY CASTROL
CMP: Rs 202.75
TARGET: Rs 220
STOP LOSS: Rs 194
The stock has recovered significantly from the lows of 173 and after making a higher bottom formation pattern in the daily chart, it has given a breakout above the 200 DMA and currently the positive candle pattern indicates a positive bias for further rise in the coming days. The RSI has shown a trend reversal to signal a buy and with the MACD on the rise, the stock looks attractive for more upside. With good volume participation witnessed, we recommend a buy in this stock for an upside target of 220 keeping a stop loss of 194.
CMP: Rs 202.75
TARGET: Rs 220
STOP LOSS: Rs 194
The stock has recovered significantly from the lows of 173 and after making a higher bottom formation pattern in the daily chart, it has given a breakout above the 200 DMA and currently the positive candle pattern indicates a positive bias for further rise in the coming days. The RSI has shown a trend reversal to signal a buy and with the MACD on the rise, the stock looks attractive for more upside. With good volume participation witnessed, we recommend a buy in this stock for an upside target of 220 keeping a stop loss of 194.
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