CASTROLIND trade ideas
Castrol price breakoutCastrol has given a breakout with good volumes after a long consolidation at lower levels.
Can hold upto targets of 140-145
Castrol price breakout.Castrol has given a breakout after a long due proce and time correction with good volume. Can be considered for a swing trade
Castrol India - A MUST buy at these levelsCastrol India - A must buy at these levels
Daily chart at 200 EMA, Fibo level of .5
and over all a safe bet, Auto Sector is already in boom
Rest self explanatory chart.
Short on Castrol India (weekly)....But Why and How ?Technical Analysis
1. Whenever it touches the resistance it tumbles down back to the support
2. Same in RSI, Whenever It touches the resistance zone it comes down.
3. It's respecting the trend line from 2016.
There is no way you can short Castrol, But here what you can do!
1. Wait for the stock to come down to support level ie. near 77rs, Wait for the confirmation and then buy.
2. If it breaks support level then don't bother to buy it
Fundametal Analysis
1. Company is almost debt-free, Its Debt to Equity ratio is 0, Financial leverage is 1.0, and Interest coverage ratio is 236
2. Also the company is giving a good dividend of approx 5rs/share, Which higher than its peers.
3. company sales are consistent for over 5 years.
Castrol India_Diwali PickCastrol India is our Diwali pick for 100% Gains in 1 to 2 year time frame. We suggested this stock around 113.
Castrol India Buy low Sell high Castrol India is in range bound Buy low at 113 and sell high at 131 if it doesnt give breakout. if it gives breakout at 131 strong buy till 140 and 160 levels
R-0143 Invest in Castrol India on long term for TGT 128/136We feel investors could buy the stock at LTP and add on dips to Rs 106 –108 band (~12.5xCY21E EPS) for a TGT of 128/136.
On hourly chart data is strong as its above VWAP+MACD cross over + TK line crossover and on daily chart strong data starts to form with approaching cloud breakout we assume the trend to continue. So buy at correct price and dip with 2 quarter holding period.
