CastrolIndLong downtrend + consolidation at bottom seems the it going get a trend reversal + its debt free company(fundamental)
CASTROLIND trade ideas
Castrol on Crucial pointCastrol is nearing the channel on daily time frame need lookout for channel and resistance intersection 126 looks crucial. Hope it wont break that resistance.
castrol indiaIf break 120 next support level 106 so you can invest sip these levels. this is my idea only . think before invest.
#Castrol india bullish harmonic#Castrol india bullish harmonic
Target -130+
PRZ-121.60
Sl-119
CMP:123.10 @23 December 2021
Bullish on Castrol India LtdI am Bullish on Castrol India Ltd for both Short and Long term. Healthy Dividend and Good Fundamental Stock.
Short term( Targets 1 & 2 ) are mentioned in the chart with Stoploss also.
#BUY #CASTROLINDCASTROLND
my view is bullish and we can buy till the base
support of 120RS in case of correction it looks
very good to buy as it has strong fundamentals also.
WITH MINIMAL SL OF 115-118 C.B
IT HAS BEEN CONSOLIDATING SINCE JUNE
Castrol BO from 4 year Downtrend | 40% Upside PossibleNSE:CASTROLIND
Break-Out from 4 Year Downward Channel
RSI BO above 66 after 2 years
CMP : 141 is above Long term moving averages
Tgts : 153 - 181 - 202
SL : 120
R:R 1:3
Chart for educational purpose
Breakout in Castrol India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CASTROL INDIA FOR 156,176,200TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Castrol Multi time frame - Nearing brakeout longtermOn technical analysis found that there is long muti time frame triangular pattern as a primary trend and we have a channeled secondary trend that is nearing the breakout and has a higher probability of moving upside in the near long term. Can buy and hold on the dip.
*Only for Learning Purpose*
Castrol India Looks good for breakout in Weekly timeframePlease wait for breakout with volumes and take entry accordingly
Castrol India Limited 1. Castrol India Limited is an automotive and industrial lubricant manufacturing company.
2. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% market share in the overall Indian l
lubricant market.
3. It is part of Castrol Limited UK.
4. It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets.
5. As of December 2019, there were talks ongoing between Reliance Industries and BP for setting up fuel stations in India where Castrol’s products will be sold.
FOUNDED 1910
Castrol On fireWeekly breakout for Castrol..
Explained in chart...
About to break traingle pattern on weekly basis and on upside
Good Fundamentals and sound businessMNC company with high dividend giving stock
Now going for weekly breakout
Castrol - Seems breaking out !Enter with sl 130, for target 212, very good stock, sudden squeeze may come, personally i am in here from a long time
CASTROL INDIAAs it is in Wolfe Wave and there is a heavy volume in the 5th Wave, for this reason a correction is expected.
This correction would be a good opportunity to BUY the stock. The buy level that seems fine to me is at 130-135.
We need to find a reversal sign at the mentioned level for a buy entry.
Castrol - WeeklyWas in a downtrend since 2017. Can see trend reversal in chart.
Can give 4-5% in short term and 15% & above in few months.
Channel movement of Castrol India under weekly moveAfter Covid correction feel that Castrol is moving under strong channel. For Castrol lover can accumulate stock under support zone.
CASTROLIND - LONGCastrolInd Looking Bullish for long term.
Disclaimer - Only for educational purpose.
CASTROL IND 13 SEP 21 TRADE PLAN OUTCOME
A perfect example to learn how trailing stops help
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
