CASTROL INDIA : 2014 Potential Breakout (Techno + Fundamental)
Using Monthly chart to show bigger picture.
Daily Chart:
Good consolidation in a range of 248 - 260.
Broken above 260 with good volumes
Bullish Sign: (Day High 270, Close 267.30)
RSI > 70 (On all time frames)
Fundamentals:
PE below Industry Level
ROCE/ROE above Industry Level
June Qtr : FII increased Stake
Sequential Target : 300 / 330 / 355 / 380 / 440
SL : 248
Daily Chart:
Good consolidation in a range of 248 - 260.
Broken above 260 with good volumes
Bullish Sign: (Day High 270, Close 267.30)
RSI > 70 (On all time frames)
Fundamentals:
PE below Industry Level
ROCE/ROE above Industry Level
June Qtr : FII increased Stake
Sequential Target : 300 / 330 / 355 / 380 / 440
SL : 248
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.