CASTROL INDIAAs it is in Wolfe Wave and there is a heavy volume in the 5th Wave, for this reason a correction is expected.
This correction would be a good opportunity to BUY the stock. The buy level that seems fine to me is at 130-135.
We need to find a reversal sign at the mentioned level for a buy entry.
Castrolindia
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.
CASTROL 💧💧 - Quick Swing 8 % 🌱MACD crash alert
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Live Challenging Stock Market Analysis #CASTROLIND Buy @ 151.30Market Analysis
Live Challenging Stock Market Analysis #CASTROLIND Buy @ 151.30
Target @ 140.20
#sharemarket #castrilind #Nse #stockmarket
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Castrol India has broken multiyear trendline resistance!Castrol India has broken out of nearly 7 year trendline resistance
Expect good movement from here
Levels are mentioned in the chart
Stop Loss can be adjusted as per your risk appetite
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CASTROL India- BreakoutCastrol, after months of consolidation showing strength and possible trend reversal. The stock has decisively broken out of the trendline resistance on weekly chart supported by rising volume. Prior Highs can be the potential targets. (marked on chart). Follow me if you like the ideas.
NOTE- Do your own analysis before taking the trade. This is not a "buy" or "sell" advise.
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.
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SHORT Opportunities in CASTROL, HONEYWELL AUT & RAJEXPO for 22 Hello traders,
As mentioned in the video, you can look for possible shorting opportunities in the stocks CASTROL INDIAN, HONEYWELL AUTOMATION & RAJESH EXPO for coming session and also for the next few days.
Lookout for the exact levels available in my Indicator and trade accordingly.
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