Castrol India: Potential Catalyst for Upside in a Buoyant Auto Sector
Technical Breakout Signals Momentum : Castrol India has experienced a decisive trendline breakout on the weekly timeframe, accompanied by the highest volume spike since its IPO. This confluence of technical signals suggests strong potential for sustained upward movement in the stock.
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Castrol India broken long time pattern. Price may get time to reach Target 220. But most chances are there to reach in further days. 158 zone is Monthly support. Breakout volume is much more than expected.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
## Castrol India Latest News Updates (as of December 22, 2023):
**1. Sustainability Push:** Castrol India recently announced a partnership with Mahindra Electric Mobility Limited (MEML) to develop and supply EV-specific lubricants for Mahindra's electric vehicle range. This aligns with Castrol's global commitment to sustainability and decarbonization.
**2....
For a long-term view of Castrol India's share, consider its market position, financial health, and growth prospects. Castrol, known for its lubricants, has a strong brand presence in India. Evaluate its financial stability through revenue, profit margins, and dividend history. Also, consider industry trends, like the shift to electric vehicles, and how they may...
This is Flag pattern and long trend just broken months back and this stock currently under consolidation.
So expecting a good long run if this flag pattern breaks.
Buy range between 147-149 with strong confirmation in 1 hr candle
Stop loss below 140
Target range 180 - 184
Note: Representing my perception here...
#Castrolindia #StocksToBuy #Trading #StockMarketindia
Castrol india - Trade was live already. One can add accumulate the stock at marked levels.
Buying price range - 140 - 138
Target price - 153
SL - 133
RRR - 1:2.2
CASTROLIND: Inverted H&S Pattern
Castrol Ind nicely shaped up in Complex Inverted H&S pattern
Breakouts the Neckline & Retested it
Levels mentioned on chart & given target seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
NSE: 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...
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%...
Hi 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,...
