📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024) Closing Price: 💵 207.70 Parabolic SAR: ✅ Buy Signal @ 186.55 EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon) MACD: MACDR: 📊 6.95 (Crossing Signal) Histogram: ➕ Positive @ 0.05 Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit) %R (Williams Percent...
Technical Study Time Frame taken for study - Monthly Study - 1. Downtrend Line broken with continuous increasing volume 2. Resistance near 162 3. After a fall, consolidation seen with some volume spikes Resistance or Targets - 1. 182 2. 216 3. 272 Supports or Stop Loss 1. 120 (dip till) 2. 100 Fundamental Study Market Cap - ₹ 13,704 Cr. Stock P/E...
The stock has formed a beautiful rounding bottom pattern which shows the 3 phases on weekly basis , also the volumes are quite unprecedented . The fundamentals of the company are also solid and enhances reliability . Castrol has been a household name and from the overall sector analysis the stock has favourable and the lowest PE RATIO , also it has been in...
Castrol is breaking out of consolidation and presents a good long term buy opportunity
Reason for long a) Mr.14 Set up b) Triangle breakout c)Two day engulfing with volume d) Super vwap set up e) Good risk reward set up f) SL compulsory
Triangle pattern break out and correction coming look for buy at previous resistance and if it breaks we can go for buy at trendline retest range.castrolind has potential of 40 to 50% returns.
CASTROLIND 1) Time Frame - Monthly. 2) The Stock has been consolidating since August, 2018 and has given a breakout with strong bullish momentum & Huge volume. 3) The stock may reach its previous All Time High (272) in long term. 4) Recommendation - Strong Buy
Castrol : At Strong resistance zone Closing above 195 is crucial for further strong upmove
Target 1 232 Target 2 ATH Great financial Negative sentimental drag it down Good for accumulation Good for both short and long term. Business model is good.
Castrol is among one of the stocks which did not gave much return i am expecting this time it will give good return.
Hello & a warm welcome to this analysis Stock appears to be consolidating near its ATH level of 197 with strong support at 175 and then 165-130. Probable upside levels could be 245 & 345 in the medium to long term Happy Investing
#CastrolIndia Monthly Update: Market Cap: ₹18,620 Cr | CMP: ₹188.25 PE Ratio: 22.85 | Dividend Yield: 3.45 52W High: ₹196.45 | 52W Low: ₹107.40 Technical Highlights: Broke trend line and upper Bollinger Band. Upward breakout from consolidation with strong volume. MACD: Bullish crossover below zero line. Retracement could be a buying opportunity. Educational...
CASTROLIND – Swing trade Took support and showed good signs of uptrend Buy above 145 | Tgt 170 and 185 | sl 130 It is my view, to trade on your own analysis
-Volume very high -already broke strong resistance -strong closing -institutions building position
a 9 year falling trendline is broken in Castrol.... it will face multiple hurdles now in its upmove. But to compensate that, remember it was an excellent dividend payer.... So you buy and hold for 3 years... if bought right now... you will enjoy 3 years of great dividend and slow upmove.. will give u peace of mind....... that's most important.. 1st Target...
BUY @ 179.75 RS TARGET @ 252.25 RS BUYING CONFIRMATIONS: Cup with handle + monthly channel breakout Expected returns are around 40.00 %
Reason for long a) Fundas looks good b) first target 270 and wave 3 target of 700 c) super vwap long c) Consolidation breakout d) Good risk reward zone e) SL compulsory
CASTROL INDIA BUY FOR 3MONTHS buy below 140 Stoploss - 131 Targets 155,165,175 20% Returns expected in the next 3 months