CASTROLIND trade ideas
Castrol has completed a 9 year Exile, time for slow upmovea 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 Mentioned. Will review futher.
Disclaimer : I am holding @ 122rs ..
CASTROL INDIA BIG BREAKOUT
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, and the term "big breakout" suggests that this breakout could be of notable magnitude.
Investors analyzing this trade idea would likely be focused on technical analysis indicators, chart patterns, and historical price trends to identify the potential breakout point. Factors such as strong volume accompanying the breakout and positive momentum indicators might add conviction to the trade idea.
It's important to note that successful trading or investing based on breakout strategies requires careful consideration of risk management, as breakouts can also lead to false signals or reversals. Additionally, market conditions and external factors impacting the stock or the sector should be taken into account.
Castrol India - Rounding Bottom and Inverted H&SCastrol 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.!
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.
Castrol Ind Big Volume Blast since last 8 yearsCastrol 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 big volume spike after 7-8 years, 70 million vs Avg 13million weekly volume..
R 1: 180
R 2: 210
R 3: 240, Above that 270 + possible!
S : 130
CASTROL INDIA FOR LEARNING PURPOSE ONLY
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.
Fundamental Tailwinds Add Fuel : The current focus on the Indian automobile sector provides a robust tailwind for Castrol India. As a leading player in the automotive lubricant market, the company stands to benefit from the expected rebound in vehicle sales.
Strong Financials Underpin Growth: Beyond technicals, Castrol India boasts solid fundamentals. The company consistently demonstrates healthy profitability, strong cash flow generation, and a robust balance sheet.
Attractive Mid-Long Term Opportunity: Given the technical catalyst, favorable sector dynamics, and solid financials, Castrol India presents a compelling mid-long term investment opportunity. Traders should keep this stock on their radar and consider entry with appropriate risk management.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Please conduct your own due diligence before making any investment decisions.
Key Improvements:
Title: More precise and attention-grabbing, highlighting the potential upside.
Structure: Clear organization with separate sections for technical and fundamental aspects.
Language: More professional tone with specific terminology and concise phrasing.
Disclaimer: Clear disclaimer reiterates responsibility and promotes cautious investing.
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 - 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...
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(:)