CASTROLIND trade ideas
castrol india castrol India Ltd. with a target price of Rs 170. The current market price of Castrol India Ltd. is Rs 136.00. Time period given by most analyst is one year when Castrol India Ltd. price can reach defined targetFor the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 902.90 Crore, down -21.69 % from last quarter Total Income of Rs 1153.00 Crore and up 78.51 % from last year same quarter Total Income of Rs 505.80 Crore. Company reported net profit after tax of Rs 140.00 Crore in latest quarter.
INVERTED HEAD & SHOLDER PATTERN 23.08.2021BUY : 113 TO 120
TARGET : 150
Reason For Buying This Script :
In this script it is forming INVERTED HEAD & SHOULDER in monthly time frame. Now the price is coming to right shoulder, So try to accumulate in lower level.
Once the price close above the neck line in monthly time frame & the next target up to 176.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Castrol India (1W)Another script for long term investment! long term triangle pattern can be seen on the chart with Monthly DZ as it's base, price tried to give a breakout but failed and RSI shows that clearly with a negative divergence.
Fresh longs between weekly swap zone and hold for long term.
Pivot Reversal Levels:
- Buy above 145.20
- Sell below 135
Castrol India Ltd - 03.08.2021Castrol India Ltd - 03.08.2021
The stock is trading @ 140.80
There is MACD Bullish Divergence in Daily Chart
There is Stochastic Bullish Divergence in Daily Chart
The prices are above ema in Hourly Chart.
One can initiate a buy @ current levels with support @ 138.20
strong resistance @ 146
let the prices go above 155
target: 160, 166, 175
timeframe: 6-8 months
Castrol India Swing IdeaLike i have mentioned in the video , its the point of confluence for 3 different trenline resistances. It also happens to be the 0.236 Fib retracement level from the Covid lows. I am a pullback trader and i try to spot entries early. This offers a very good RR of 1:5 at the very least.
The idea is in collaboration with my friend @Sarvagyasharma .
Entry @ 145
Target @ 172
Stop @ 134