Reason for long
a)Triangle breakout
b) super vwap breakout
c) weekly breakout
d) monthly breakout
e) consolidation breakout
f) volume and price spurt
SL compulsory
The "Castrol India Big Breakout" trade idea suggests a significant and potentially trend-defining movement in the stock of Castrol India Limited. A "big breakout" typically implies that the stock is poised to breach a key resistance level, signaling a potential shift in its price dynamics. Traders and investors may be anticipating a substantial upward movement,...
This was topped out in Dec-2014, and formed Lower high till year 2023.
after 4 month consolidation TL BO with higher volume is confirmed the BO .
Short term 200 is the resistance but after closing above that level 300+ level possible
Castrol India has given a strong breakout on Daily and weekly time frame.
It has 2 patterns - Rounding Bottom and Inverted Head and shoulders
Breakout is completed in INverted H&S pattern @ 160
Rounding Bottom Breakout is at 170 level.
SL and demand is at 148 levels.
Looks a strong candidate for coming year.!
The 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....
Castrol Ind looks very attractive..
Fundamentals : Very Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs very low debt. Only slight negative point is FIIs holding decreased in recent quarter still overall parameters are healthy
Technicals : Very Bullish above 180 on weekly closing.. Harmonic pattern active + strong reversal indication with...
Castrol India: Potential Catalyst for Upside in a Buoyant Auto Sector
Technical Breakout Signals Momentum : Castrol India has experienced a decisive trendline breakout on the weekly timeframe, accompanied by the highest volume spike since its IPO. This confluence of technical signals suggests strong potential for sustained upward movement in the stock.
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Castrol India broken long time pattern. Price may get time to reach Target 220. But most chances are there to reach in further days. 158 zone is Monthly support. Breakout volume is much more than expected.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
## Castrol India Latest News Updates (as of December 22, 2023):
**1. Sustainability Push:** Castrol India recently announced a partnership with Mahindra Electric Mobility Limited (MEML) to develop and supply EV-specific lubricants for Mahindra's electric vehicle range. This aligns with Castrol's global commitment to sustainability and decarbonization.
**2....
For a long-term view of Castrol India's share, consider its market position, financial health, and growth prospects. Castrol, known for its lubricants, has a strong brand presence in India. Evaluate its financial stability through revenue, profit margins, and dividend history. Also, consider industry trends, like the shift to electric vehicles, and how they may...
This is Flag pattern and long trend just broken months back and this stock currently under consolidation.
So expecting a good long run if this flag pattern breaks.
Buy range between 147-149 with strong confirmation in 1 hr candle
Stop loss below 140
Target range 180 - 184
Note: Representing my perception here...
