Castrol
Stock is showing Three black crows bearish pattern om monthly TF
On Daily TF today its formed Dark cloud cover bearish pattern.
But it’s currently trading at crucial support of 185 on monthly TF with assending channel formed and next support will be 160/ 165.
stock will have immediate resistance at 214 / 230 /240 level.
Thus stock is also corrected 30% in last 3 months similar to all other stock.
In all major technical indictor , stock shows completely oversold .
One has to watch whether stock will take monthly assending channel support and will start next strong upside move beyond 211/ 215.
On Daily TF today its formed Dark cloud cover bearish pattern.
But it’s currently trading at crucial support of 185 on monthly TF with assending channel formed and next support will be 160/ 165.
stock will have immediate resistance at 214 / 230 /240 level.
Thus stock is also corrected 30% in last 3 months similar to all other stock.
In all major technical indictor , stock shows completely oversold .
One has to watch whether stock will take monthly assending channel support and will start next strong upside move beyond 211/ 215.
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