Box pattern breakoutGood volume buildup in daily and weekly timeframe.
Box pattern breakout and price trading in between raising wedge pattern.
NOTE: I do my analysis, do yours before trade.
CASTROLIND trade ideas
Castrol Rising Wedge Breakdown!! It appears a clear case of rising wedge. Indicators are shown in the chart. Market is unstable. Be wise.
CASTROLINDCASTROLIND:- Breakout of falling wedge has been found and if it sustains above 147.30 level then downside movement can be seen.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Castrol is ready to flyCASTROLIND has given a beautiful trendline breakout plus the sector being in a strong uptrend, this trade should not be missed. Risk reward is huge as the SL here is miniscule. SL should be below 197. Hold for couple of weeks for good targets
Castrol Ind : Falling channel breakoutCastrol Ind :
Falling Channel breakout done
Looks good above 214.5, immediate support at 210
CastrolBuy now 154.
Accumulate till 130.
Target 172, 210.
SL 117.
7 years Downtrend reversed now, chances to make new life time high.
Good for investment.
CASTROL INDIATechnical Study
Time Frame taken for study - Monthly
Study -
1. Downtrend Line broken with continuous increasing volume
2. Resistance near 162
3. After a fall, consolidation seen with some volume spikes
Resistance or Targets -
1. 182
2. 216
3. 272
Supports or Stop Loss
1. 120 (dip till)
2. 100
Fundamental Study
Market Cap - ₹ 13,704 Cr.
Stock P/E - 17.0
Book Value - ₹ 20.0
Dividend Yield -4.69 %
ROCE -60.8 %
ROE - 45.9 %
Face Value -₹ 5.00
Good Dividend Yield, ROE and ROCE. Overvalued Compared to Book Value of Rs. 20
This chart is only for educational purpose do your own study before taking any trades.
Castrol Long Term OpportunityCastrol is breaking out of consolidation and presents a good long term buy opportunity
CASTROLIND TRIANGLE PATTERN BREAKOUTTriangle pattern break out and correction coming look for buy at previous resistance and if it breaks we can go for buy at trendline retest range.castrolind has potential of 40 to 50% returns.
Castrol - Strong resistance currentlyCastrol :
At Strong resistance zone
Closing above 195 is crucial for further strong upmove
Good for long term and short term Target 1 232
Target 2 ATH
Great financial
Negative sentimental drag it down
Good for accumulation
Good for both short and long term.
Business model is good.
Castrol India is also ready to give short term gainCastrol is among one of the stocks which did not gave much return i am expecting this time it will give good return.
CASTROL INDIAHello & a warm welcome to this analysis
Stock appears to be consolidating near its ATH level of 197 with strong support at 175 and then 165-130.
Probable upside levels could be 245 & 345 in the medium to long term
Happy Investing
Monthly chart of Castrol India Ltd #CastrolIndia
Monthly Update:
Market Cap: ₹18,620 Cr | CMP: ₹188.25
PE Ratio: 22.85 | Dividend Yield: 3.45
52W High: ₹196.45 | 52W Low: ₹107.40
Technical Highlights:
Broke trend line and upper Bollinger Band.
Upward breakout from consolidation with strong volume.
MACD: Bullish crossover below zero line.
Retracement could be a buying opportunity.
Educational Purpose Only. Disclaimer: Stock market investments carry risks. Consult a financial advisor. Past performance doesn't guarantee future results.
#CastrolIndia #StockMarket #EducationalPurpose
Castrol India LtdCASTROLIND – Swing trade
Took support and showed good signs of uptrend
Buy above 145 | Tgt 170 and 185 | sl 130
It is my view, to trade on your own analysis
Castrol Ready to give 30% return-Volume very high
-already broke strong resistance
-strong closing
-institutions building position
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 BUY @ 179.75 RS
TARGET @ 252.25 RS
BUYING CONFIRMATIONS: Cup with handle + monthly channel breakout
Expected returns are around 40.00 %
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.
Buy CastrolThis was topped out in Dec-2014, and formed Lower high till year 2023.
after 4 month consolidation TL BO with higher volume is confirmed the BO .
Short term 200 is the resistance but after closing above that level 300+ level possible
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 - breakout- On the way to uptrendCastrolind(M) - breakout- On the way to uptrend
Trndline breakout in monthly time frame
Volume spike on last day
