CASTROLIND trade ideas
enter long after breakoutenter long after breakout or wait for 111 -113 level then enter long with 110.80 as stoploss for a target of 114 ----118-----119.60------------------------------122.40
Short Castrol India, downtrend continuationDowntrend will continue in castrol india after resistance at monthly zone
CASTROL - FUELD UP! - READY TO LAUNCH - ELLIOTT WAVE 3CASTROL - After forming an ending diagonal by waves 1-2, It is right in the retracement zone. It's ready to launch for the next biggest wave - 3.
-Definitely not SEBI - Registered. So, this is only for educational purpose.
Invest wisely.
CASTROLIND Next move around 30% in next 1 monthCompany 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 services.
KEY POINTS
Product Portfolio
The company manufactures and sells various kinds of oil lubricants and other fluids for cars, motorcycles, commercial vehicles and others.
Distribution Channels
The company's distribution network includes 350 distributors who service ~1 lakh customers and sub-distributors.
The company also serves ~3,000 key institutional accounts directly and from distributors.
Manufacturing Capabilities
The company owns and operates 3 manufacturing plants in India which are located in Patalganga (Maharashtra), Paharpur (West Bengal) and Silvassa (Union Territory).
Jio-BP Partnership
In July 2020, the company's ultimate promoter BP plc, and Reliance Industries Ltd started their Indian fuels and mobility JV, Reliance BP Mobility Ltd. BP has already paid RIL 1 billion USD for 49% stake in JV with RIL holding the rest 51% stake. The JV aims to become a leading player in India's fuels and mobility markets.
The JV has benefited the company as it began selling fuels and Castrol lubricants from RIL's existing retail outlets.
Strong Parentage
The company is owned by Castrol Ltd UK which is a globally trusted multinational brand.
Castrol products are sold in more than 150 countries and it is a preferred lubricants partner for Volkswagen, Audi, BMW, Komatsu and many other businesses.
It was acquired by BP Plc in 2002 which is one of the 7 oil supermajors in the world.
Royalty Terms
For the use of the brand "Castrol", the company pays Castrol Ltd, U.K. (promoter) royalty @ 3.5% on annual turnover subject to a cap of 10% on profit before tax (PBT).
It paid ~80 crores and ~112 crores in royalty to Castrol Ltd U.K. in FY20 and FY19 respectively.
CASTROL INDIA Levels...M Candle (30.12.2021)CASTROL INDIA forming Bullish hormonic pattern ,will expect 200+ in 2022
good for shortinglook out at the strength of bears till the end of this month . if its strong then opt for shorting with strict stops
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.
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#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.
