CASTROLINDCastrol 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.
CASTROLIND trade ideas
Amazing breakout on Weekly / Daily Timeframe - CASTROLINDCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN 1HR TIMEFRAME.
Castrol india buy 150, target 260, 400## 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. Technology & Innovation:** Castrol India launched its Castrol GTX ULTRACLEAN 5W-30 API SN PLUS motor oil, formulated with synthetic technology to provide superior engine protection and cleaner performance. They also recently showcased their Castrol EDGE Intelligent Lubrication technology at the Auto Expo 2023.
**3. Market Performance:** Castrol India reported a 12% increase in net profit for the quarter ending September 30, 2023, driven by strong demand for premium lubricants and increased market share. The company also expressed optimism about the upcoming festive season and its impact on sales.
**4. Community Engagement:** Castrol India continues its CSR initiatives with the Castrol GTX "Change the Game" program, promoting sports development and education for underprivileged children. They also recently partnered with TERI (The Energy and Resources Institute) for a sustainable waste management project.
**5. Industry Trends:** The Indian lubricant market is expected to grow at a CAGR of 5.5% over the next five years, with increasing demand for synthetic and high-performance lubricants. Castrol India is well-positioned to capitalize on this growth with its strong brand portfolio and focus on innovation.
**Additionally:**
* Castrol India recently revamped its website to provide a more user-friendly experience and easier access to product information.
* The company announced plans to expand its manufacturing capacity in India to meet growing demand.
A long term view 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 impact Castrol's business. It's essential to analyze macroeconomic factors and regulatory changes affecting the oil and lubricant sector. Always consult financial experts or conduct thorough research for detailed investment advice.
Castrol india - Book profits#Castrolindia #target #Trading
Castrol india Blasted as per our view and Booked good profits.
Let's look for the Another good trades.
CASTROLtrading over 100DMA141.81. zero debt company. the company is the market leader in the retail automotive lubricant segment.
CASTROL INDIA - LongThis 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...
Castrol India - Time to Buy - Accumulate #Castrolindia #StocksToBuy #Trading #StockMarketindia
Castrol india - Trade was live already. One can add accumulate the stock at marked levels.
Buying price range - 140 - 138
Target price - 153
SL - 133
RRR - 1:2.2
CASTROLIND: Inverted H&S PatternCASTROLIND: Inverted H&S Pattern
Castrol Ind nicely shaped up in Complex Inverted H&S pattern
Breakouts the Neckline & Retested it
Levels mentioned on chart & given target seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Castrol India Stock now in the mood of change its trends from last 5/6 year
Now may be ready to show bull rally
Please do your own analysis before investing
Castrol India very BULLISHPositional Buy
It is trading on a very STRONG SUPPORT ZONE
Also we have seen 21 EMA crossover on monthly chart
Symmetrical triangle pattern break out and tetraceWeekly time frame symmetrical triangle breakout and retest in daily time from creator descending triangle pattern breakout
Flag pattern Breakout- potential to reach 251Flag pattern Breakout- potential to reach to 251 sl 117
CASTROLIND - Bullish Swing ReversalNSE: CASTROLIND is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
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. !!
castrol ind its looking good on weekly and daily a closing above 160 can give a trend change ..its along term bet as its a slow mover ...volumes are also good
Castrol India - Stock to look for in coming daysHi everyone,
Let's discuss about one of the stock which is looking super strong on chart, it's castrolind. Anyone of us who owns an automobile or even any mechanical m/c must have came through the name of Castrol. It produces different types of lubricants for a wide variety of m/c.
If we look at its chart; It was in a downtrend since Dec'14 i.e. almost 9 years, and recently in July it has given a breakout and form new higher high breaking the last lower high of 135.
It got resisted at its major resistance of 156 and is slowly consolidating at that price.
There are many more reasons to go long in this stock, you can point those out in comment section and share your thoughts on this stock.
Thanks.
Castrol IndiaCastrol India
Multiyear Breakout above 150
Lower High Breakout
High dividend paying company
This chart is only for educational, Do your own study before taking any trade
Breakout after 8 years in Castrol India Limited Breakout after 8 years. Buy when price is at Support and Daily RSI is 60+
Castrol big Buy OpportunityCastrol has been in a continuous downtrend since 2015 and has bottomed out at 100. The triangle pattern is clearly broken in this weekly chart and is ready to give out huge targets. Any dip towards 125 - 127 can be bought in with T1 - 152 and T2 at ~ 180 levels giving a risk reward of 1:4. SL to be maintained at closing below 110 on weekly charts. MACD and ADX also support the buy view.
Castrol India LongCASTROLINDIA @ 146
multi year base ,
if manages to close above 148 on monthly basis then
we can see 180 / 250 + levels
Invalid Below 125 WCB
RR is good
Positional Trade
educational purpose
note - its not a buy or sell recommendation
CASTROL INDIA 166 ?We can see a good VCP pattern in this share and xabcd harmonic pattern which are giving targets of 166 in this particular script on monthly we can se a good big bar inside candle
Castro 9 yrs of trendline breakoutCastro 9 yrs of trendline breakout...
Castrol broke 9 yrs of resistance trendline
With good volume and trading above that on weekly chart...
Buy @ 133.50 or wait for retracement near 127
Sl 120
Tgt 155-175-213 as per your holding the position...
