Company is almost debt-free. Company is expected to give a good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 51.80% Company has been maintaining a healthy dividend payout of 76.95% ABOUT Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related...
CASTROL INDIA forming Bullish hormonic pattern ,will expect 200+ in 2022
look out at the strength of bears till the end of this month . if its strong then opt for shorting with strict stops
Wait for a Breakout and Enter a Trade ! Wait for a Breakout and Enter a Trade !
As we can see that in CASTROL INDIA will give multiple years breakout and taking support from below trend line, if breakout happen in couple of days or weeks than we will see the good Hight of its price and it will be good rally for us, trend line and wave analysis work properly than it will happen and its good swing trade for us. NSE:CASTROLIND
Its Good to Buy Now Its a Long Term one its done Breakout and Retest also happens so this is high probabilty trade ! White Lines are Targets !
Head and shoulder pattern This photo only education purpose only
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is based on fundamentals.
buy Castrolindia for short terms positional, buy abouv 140, target 145,140 160. SL 132
Descending channel breakout and retest done . Hope for uptrend .Risk reward counter . Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss...
Stock have good potential to go upside Do your own analysis before investing .......
castrolind buy at 145...target 180,220 sl 120
AFTER A UPTREND IT IS NOW RETRACING WITH DRY VOLUMES IF IT BOUNCES FROM 38.2% FIB LEVEL AND RSI(14) FROM 40 LEVELS THEN EXPECT A GOOD MOVE UPSIDE TOWARDS 165 LEVELS ONE CAN BUY 50% NOW AND THE REST 50% ABOVE 146 SL CAN BE MAINTAINED @ 135 DCB FROM THE 1ST TRANCHE AND 140 FOR THE 2ND TRANCHE DISCLAIMER: EDUCATIONAL VIEW
The stock has been in downtrend from a long time in past but it has recently witnessed a breakout and if it breaks the orange zone with good volumes, then the mentioned targets are achievable.
Castrol has broken a 2 year downtrend pattern, Buy for a target of 177
The stock has given breakout of weekly trendline. So above yesterday's high we can take it for long purpose...