Sunday, July 14, 2013

Castrol - Buy


The stock has reversed from the median line support level with positive candle which is sign of bulls. Now the stock is heading towards 347 - 359 levels. Support level placed at 319. On the daily chart, RSI has given positive crossover which is added strength to the bulls.

Recommendation:
Traders can buy on dips to 331 - 327 levels with a stop loss of 319(close basis) for the target of 347 - 359.

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