Stock to watch !!!Good setup to break ALL TIME HIGH !!! Recent we can see volume buildup and taken strong support .
Wait to take support at 61.80 level.
CASTROLIND trade ideas
Time To Invest In Castrol India Ltd @ 100 Weeks Support 182**Castrol India Ltd.** is a leading manufacturer and supplier of automotive and industrial lubricants, known for its high-quality products that cater to a wide range of sectors including automotive, manufacturing, and heavy industries. The company is a subsidiary of **Castrol Limited**, which is part of the global **BP (British Petroleum)** group, one of the world's largest oil and gas companies. Castrol India Ltd. plays a vital role in the lubricants industry in India, providing a comprehensive range of products designed to enhance engine performance, longevity, and efficiency.
### **Company Overview**
- **Name**: Castrol India Ltd.
- **Industry**: Automotive, Industrial Lubricants, Chemicals
- **Headquarters**: Mumbai, Maharashtra, India
- **Parent Company**: BP (British Petroleum) Group
- **Stock Listing**: Castrol India is listed on the **Bombay Stock Exchange (BSE)** and the **National Stock Exchange (NSE)**.
- **Founded**: Castrol India was incorporated in 1979, although Castrol has been a prominent global brand for much longer.
### **Key Products and Services**
Castrol India Ltd. manufactures and markets a variety of lubricants, including oils, fluids, and greases. These products serve multiple segments, including automotive, industrial, marine, and other specialized areas. Below are the major product categories offered by the company:
#### **Automotive Lubricants**
1. **Engine Oils**: Castrol is known for its premium quality engine oils for cars, motorcycles, and commercial vehicles. These oils are formulated to provide superior protection, performance, and fuel efficiency. Key products in this category include:
- Castrol **EDGE**: Premium synthetic oil designed for high-performance engines.
- Castrol **MAGNATEC**: Known for its magnetic molecules that cling to engine parts for added protection.
- Castrol **CRB****: Designed for commercial vehicles, offering protection under extreme conditions.
2. **Transmission Fluids**: Castrol offers fluids for manual and automatic transmissions, ensuring smooth shifting and performance in vehicles.
3. **Motorcycle Oils**: Castrol provides lubricants specifically formulated for two-wheelers, catering to various engine types, from scooters to high-performance motorcycles.
4. **Car Care Products**: Castrol also offers a range of products for vehicle maintenance, such as engine flushes, brake fluids, and coolants.
#### **Industrial Lubricants**
1. **Industrial Oils and Greases**: Castrol produces lubricants for industrial applications including manufacturing, metalworking, and machinery maintenance. These lubricants help reduce friction, wear, and corrosion in machinery.
2. **Greases**: Castrol provides a wide range of greases for industries such as construction, agriculture, and manufacturing. Their products are designed for high-pressure, high-temperature applications.
3. **Hydraulic Fluids**: Castrol’s hydraulic oils are used in various industries, ensuring smooth operation of hydraulic systems and machinery.
4. **Compressor Oils**: These oils are used in both industrial and automotive compressors, improving efficiency and extending the lifespan of the machinery.
#### **Marine and Specialty Lubricants**
- **Marine Oils**: Castrol produces marine lubricants that help ensure the proper functioning and protection of engines in harsh maritime environments.
- **Specialty Lubricants**: The company also offers specialty lubricants for specific needs, including heat transfer fluids, refrigeration oils, and turbine oils.
### **Key Market Segments**
1. **Automotive Sector**: Castrol’s primary market is the automotive industry, including passenger vehicles, commercial vehicles, and motorcycles. Their products are designed to ensure optimum engine performance, reduce fuel consumption, and extend engine life.
2. **Industrial Sector**: Castrol caters to the needs of various industrial sectors such as manufacturing, mining, construction, and agriculture by providing lubricants that enhance the efficiency and longevity of heavy machinery, engines, and equipment.
3. **OEM (Original Equipment Manufacturers)**: Castrol collaborates with many OEMs to supply specialized lubricants for newly manufactured vehicles and machines, ensuring high performance right from the point of sale.
4. **Retail Market**: Castrol has a strong presence in the retail market, where its lubricants are available through authorized service centers, workshops, and dealerships across India.
### **Sustainability and Innovation**
Castrol India Ltd. is committed to environmental sustainability and innovation. The company focuses on developing products that help reduce emissions and enhance fuel economy. Castrol’s advanced lubricant technology plays a crucial role in reducing the carbon footprint of vehicles and industrial operations. Some initiatives in this regard include:
- **Energy-Efficient Products**: Castrol’s products are designed to improve energy efficiency, which helps reduce fuel consumption in vehicles and energy use in industrial machines.
- **Recycling and Waste Reduction**: Castrol focuses on responsible disposal and recycling of used lubricants through various collection programs and has set up centers for waste oil disposal.
### **Research and Development (R&D)**
Castrol India places a strong emphasis on innovation and has an extensive R&D infrastructure. The company works on continuous product development, testing, and improvement to meet the evolving needs of customers and industries. Castrol collaborates with BP’s global R&D division and other research institutions to develop cutting-edge lubricant technologies. Key areas of focus include:
- **Synthetic Oils**: Developing advanced synthetic oils for high-performance engines and equipment.
- **Eco-Friendly Products**: Researching biodegradable and environmentally friendly lubricants.
- **Engine Protection**: Continuously enhancing product formulations for improved engine protection and performance under extreme driving conditions.
### **Distribution and Availability**
Castrol India has an extensive distribution network across India, with its products available in retail outlets, service stations, and through authorized dealers. The company has established partnerships with a variety of automotive workshops, dealerships, and service centers to ensure widespread availability of its products. It also provides training and technical support to ensure optimal use of its lubricants and services.
### **Corporate Social Responsibility (CSR)**
Castrol India Ltd. engages in several corporate social responsibility (CSR) initiatives focusing on:
- **Education and Skill Development**: Castrol supports educational programs and skill development initiatives to empower communities and young people.
- **Environment Conservation**: The company is involved in initiatives aimed at reducing the environmental impact of its operations, including energy efficiency and waste management programs.
### **Conclusion**
**Castrol India Ltd.** is a market leader in the lubricants industry, offering an extensive portfolio of products across various sectors. Backed by the global expertise and resources of its parent company, BP, Castrol India continues to innovate and deliver high-quality, performance-enhancing products. Through its commitment to sustainability, research, and customer satisfaction, the company has solidified its position as a trusted brand for lubricants in India.
CASTROLIND#CASTROLIND - After reversing from the demand zone, we can see the change in the character of the price. After breaking the previous swing high, price has pulled back on low volume.
Bullish Breakout in Castrol India Ltd: Falling Wedge Pattern ConCastrol India Ltd has shown a strong bullish signal by breaking out of a falling wedge pattern on the daily chart. The breakout is accompanied by a significant surge in volume, confirming the strength of the move.
Suggested Trading Levels:
Entry: Near ₹220.34 (current breakout level).
Stop Loss (SL): ₹195.00 (below the breakout zone and support level).
Targets:
Target 1: ₹250.00 (initial resistance level).
Target 2: ₹280.00 (based on the height of the falling wedge added to the breakout point).
Rationale:
Breakout Confirmation: The price has clearly broken out of the falling wedge pattern with strong volume, indicating bullish momentum.
Stop Loss Placement: Below ₹195.00 ensures protection against false breakouts while respecting the wedge boundary.
Target Calculation: The pattern's height provides a projection toward ₹280.00, with ₹250.00 as the intermediate resistance.
CastrolStock is showing Three black crows bearish pattern om monthly TF
On Daily TF today its formed Dark cloud cover bearish pattern.
But it’s currently trading at crucial support of 185 on monthly TF with assending channel formed and next support will be 160/ 165.
stock will have immediate resistance at 214 / 230 /240 level.
Thus stock is also corrected 30% in last 3 months similar to all other stock.
In all major technical indictor , stock shows completely oversold .
One has to watch whether stock will take monthly assending channel support and will start next strong upside move beyond 211/ 215.
Reversal for Descending Parallel Channel in Castor OilNSE:CASTROLIND A Reversal from support is seen from the 188-189 level with good vol in a daily candle. The initial target is @ 240 with SL of Swinglow
CASTROLIND Trading within Fresh Demand Zone of ₹207.37 to ₹199.8CASTROLIND is trading at ₹204.33 within a fresh demand zone ranging from ₹207.37 to ₹199.8, established on July 1, 2024. This zone could act as support, offering a potential entry for investors anticipating a reversal or upward momentum. Observing price action near this level may provide insights for strategic buy opportunities.
Castrol is making cup and handle pattern target is 300Castrol is rejected at 270 Rs Resistance and if it makes handle it will cross 270 and move to 300 Rs.
First Target - 300
2nd Target -330
BEST BUYING OPPURTUNITY!BEST BUYING OPPURTUNITY!
Castrol India Ltd - CASTROLIND
Retesting the level of 240-247
TGT- 14%-18%
HOLD FROM RETEST LEVEL TILL YOUR TGT.
hold wait and watch
Castrol India Ltd: Ready for a Bullish Move?Castrol India Ltd is showing strong bullish momentum, currently trading at INR 271.95. The stock is in an uptrend, supported by a positive RSI of 58.73, indicating potential for further gains without being overbought. Key resistance levels are at INR 278 and INR 286.10, with potential returns of 5.11% and 7.29%, respectively. Volume spikes align with price increases, highlighting strong buying interest. Keep an eye on these resistance points as the stock continues its upward trajectory. ****only for educational purpose
CASTROLIND#CASTROLIND is above 9 years high. Seems it will continue its journey. Currently trading nr resistance. Keep on radar
CASTROLIND Trade Analysis for Buy using Wyckoff methodWyckoff Story
Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Spring
We have spring in Phase C
Major Sign of Strength
we have MaSOS in phase D with good volume indicating institutions are present in buying.
Final View
Bullish on the stock
CASTROLIND Trade Analysis for Buy using Wyckoff methodWyckoff Story
Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Spring
We have spring in Phase C
Major Sign of Strength
we have MaSOS in phase D with good volume indicating institutions are present in buying.
Final View
Bullish on the stock
Castrol India LtdCastrol India Limited have given a break out of third wave in the longer time frame since it's listing Wave 3 will end on December 2029 we might C Castrol India around 1200 to 1300 at that time detail analysis with proper timing and levels along with RSI has been provided in the chart
Castrol India Ltd (CASTROLIND): Bullish Breakout Confirmed?Castrol India Ltd has shown a strong bullish breakout, breaking above a key resistance level. The increase in volume during the breakout suggests growing investor interest.
Technical Indicators:
RSI is above 50, indicating a bullish momentum.
Key Observations
Upward Trend: The overall trend of the chart is upward, suggesting a bullish sentiment for Castrol India Ltd.
Resistance Breakout: The stock recently broke above a significant resistance level, indicating a potential bullish continuation.
Volume: The volume has increased during the breakout, supporting the bullish momentum.
Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
WEEKLY BIG BREAKOUT LOW RISK, 21TH AUGUST NSE:CASTROLIND
❇️A good low risk setup in daily time frame above 270 makes a perfect entry.
❇️SL below recent swing low.
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 300-330 in up coming days.
❇️ Volume looks good.
❇️Every entry must have a stoploss partnered with it.
👉🏻 @thetradeforecast 🇮🇳
CASTROLIND
most important is
52week and six-year high breakout with volume rise and very important point is stock is retext & give a good support zone which is already broken resistant zone with h volume .
targets are open on chart but .. respect to SL like me of discipline trader.
share Dividend ₹ 4.50 /share
ex-date 21 march
Castrol India at near six-year high on Q4 profit jump
Company has a good return on equity (ROE) track record: 3 Years ROE 45.9%
holdings :-)))
a) Promoters 51%
b)FIIs & DIIs 27 %
c) Public 22%
for MORE check in my TradingView ID
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
CASTROL BIGMOVE COMINGThe stock has formed a beautiful rounding bottom pattern which shows the 3 phases on weekly basis , also the volumes are quite unprecedented . The fundamentals of the company are also solid and enhances reliability . Castrol has been a household name and from the overall sector analysis the stock has favourable and the lowest PE RATIO , also it has been in consolidation phase for quite long period off time and now its time to reap the rewards
CASTROLIND - 5 years High / consolidation BreakoutCASTROLIND
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2018 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous All Time High (272) in long term.
4) Recommendation - Strong Buy
Castrol breakoutCastrol india looking good for long term investment perspective. Technically its bullish falling wedge pattern. Targets are really open upto all time high. Also i have given further guidance as per fibo extension. it could easily double in some time.
