Breakout in a decade long triangle pattern in Castrol India

2021년 7월 13일

Castrol India has been respecting these trend-lines since 2007 August, when it began its journey. Now we can see a clear breakout, but it is respecting the 50 EMA and hence it might retest the breakout level. If so, enter at this pullback with minimum stop loss and ride the trend. It is in monthly timeframe. So after an initial leap, the growth might be slow. Don't expect Utopian bullishness forever.

PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.