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Castrol

CASTROLIND - Signs of Major Trend changeThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. When price reverses from major support (after major downtrend) and breaks above major resistance zone, it signals towards a major trend change towards upside. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:CASTROLIND
by TradewithAditya
Don't miss this - A market leader is available at a good price. How to do good in the markets ? - Buy low and sell high :-D Well, in this article, I will try to explain how can you really do well in the markets, practically. Not just an advice like - Buy low and sell high. Here's an explanation for this analysis: Fundamental: 1. A Market leader - Castrol is the second highest market share holder with more than 20% market. 2. Very strong Fundamentals - These numbers are just dream for any company. The below figures are twice as good as any competitors in this business. ROCE - 60.8 % ROE - 45.9 % 3. Consistent profit growth. There could be other parameters also, but I am highlighting the above three for fundamental analysis. Technical: 1. Huge buying force: A good share is known for performance and this has given 600% from the listing. Which is significant. 2. Correction: 60% correction from the top which catches my attention to notice a good share. 3. Base formation: Like my other analysis, I like to see a good base formation for a decent time frame. Here, the stock stops making lower lows and starts showing the sign of strengths. 4. Breakout: The dream begins here. As per Stan Weinstein (whom I have learnt a lot from), this is the stage 1 breakout. Here the stock shows first sign of strength again. Summary: If the stock confirms the breakout above 148-150 on the monthly charts, it can be a good entry location for the long term. Please understand that, nobody can make you rich by just giving you a share name, it is you who should understand your inner self and play the games by your own rules. !!
NSE:CASTROLINDLong
by NandanChaturvediTrade
Breakout in a decade long triangle pattern in Castrol IndiaCastrol 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.
NSE:CASTROLINDLong
by IamGeorgy
CASTROL 💧💧 - Quick Swing 8 % 🌱MACD crash alert Narrow range Check these Upcoming ideas - still active Check these successful trades & approach on HINDZINC , ITC , ADANIPORT SPL ,AIRTEL If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together Take trade as per the values given in Fibonacci. always trail the stop loss. Do your own analysis before taking trade
NSE:CASTROLINDLong
by thestockengineer
Castrol India - Rectangular Breakout above 135Entry – CMP ie 135 (Breakout was 134.9) Stop loss – 129 or 114 (Deep Stop) (135. 05 if Price Runs up above 152.5) Target 1 - 177 Target 2 – 194.2 Target 3 – 220.25 Duration - 3 - 5 years Co has well established network of Engine Oil and Good Brand Value Products in this segment. Fundamentals are decent with dividend yield of 2.2%. Co has been Debt Free for years. Top line and bottom line is showing consistent growth. Technically Stock is showing Breakout from its Accumulation Zone. Rectangular Breakout on its Weekly Chart hence higher levels can be seen. Trend line breakout seen on Monthly Chart. Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position. Please like Share and Comment if you like our work.
NSE:CASTROLINDLong
by SagirKazi