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Castrol India Limited

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CASTROLIND trade ideas

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
NSE:CASTROLINDLong
by BrahmaBull31
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. !!
NSE:CASTROLINDLong
by NandanChaturvediTrade
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.
NSE:CASTROLINDLong
by sudhanshu_raaz