CASTROLIND trade ideas
MULTI YEAR BREAKOUT 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
CASTROLIND Weekly Time FrameIts 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 !
Castrol India Short Term ReversalThe 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.
CASTROL DESCENDING CHANNEL BREAKOUTDescending 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 out of any trades you take on our advice. All Disclaimers Apply.
Leave a comment that is helpful or encouraging. Let's master the markets together
#CASTROLAFTER 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
Castrol India enters the Bull game with a breakout.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.
View about Castrol IndiaThe stock has given breakout of weekly trendline. So above yesterday's high we can take it for long purpose...
BO from triangle and above 200 EMACastrol has broken out of a triangle pattern in weekly TF and currently above the 200 EMA..a very important moving average. If it open above the CMP or with a gap up it will be a good stock to trade..
CMP 153.3
Target 1 - 159
Target 2 - 168.8
Target 3...lets achieve first 2 targets...all target marked with blue horizontal lines.
go long updates
The company entered in a strategic collaboration with ki Mobility Solutions Private Limited to supply lubricant products to ki Mobility workshops in India, which will also be available on their digital platform, goBumpr.
The Patalganga plant won recognition from the National Safety Council for the second consecutive year for its strong safety performance.
Jio-BP collaboration is expected to play a strong role, in terms of presence in retail chain.
The pilot phase of 3M collaboration was on a standstill due to the pandemic and is expected to start in the upcoming quarters.
About the company
Castrol was founded by Charles “Cheers” Wakefield under the name of ‘CC Wakefield & Company’. In 1899 Charles left a job at Vacuum Oil to start a new business selling lubricants for trains and heavy machinery.
Early in the new century, Wakefield took a personal interest in two sporty new motorised contraptions - the automobile and the aeroplane. The company started developing lubricants for these new engines, which needed oils that were runny enough to work from cold at start-up and thick enough to keep working at very high temperatures. Wakefield researchers found that adding a measure of castor oil, a vegetable oil made from castor beans, did the trick nicely. They called the new product “Castrol.” In 1919 John Alcock and Arthur Brown choose Castrol to lubricate their engine on the first trans-Atlantic flight.
Having helped pioneer a new kind of motor oil, CC Wakefield pioneered a new method of getting customers to notice the product: sponsorship. The Castrol name appeared on banners and flags at competitive aviation events, auto races and at attempts to break the land speed record.
By 1960, the name of the motor oil had all but eclipsed that of the company’s larger-than-life founder, and so ‘CC Wakefield& Company’ became, simply, Castrol Ltd. In 1966 The Burmah Oil Company bought Castrol and in 2000 Burmah-Castrol was purchased by BP.
Business area of the company
Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company is involved in manufacturing lubricating oils.
Products offered by the company
Automotive lubricants
Industrial lubricants
Marine & energy lubricants
#CastrolInd Long Ascending triangle breakout Ascending triangle breakout with good volumes on weekly chart.
CMP - 141
T1 - 160
T2 - 180
SL - 117
Weekly breakout 1st target 161 in few days and 200 will be few Weekly breakout 1st target 161 in few days and 200 will be few weeks.Lets see.
By Invest with SK.
CASTROL INDIACastrol india making symmetrical pattern and it is about to breakout on weekly chart take position when break
