CASTROL INDIA, BUY FOR TARGET 440

CASTROL INDIA

BUY AT: BETWEEN 425 TO 430
TARGET: 440
TIME: 10 TRADING SESSIONS

OVERALL THE STOCK IS IN POSITIVE TREND, PLEASE WAIT FOR IT TO COME DOWN TOWARDS 425, THE PRESENT STOCK PRICE IS AT 432, HOPEFULLY TOMORROW MORNING SESSION YOU WILL GET A PRICE AROUND 427 TO 430, PLS ENTER IT ONLY WHEN IT IS BETWEEN 425 TO 430 NOT ABOVE 430, AS ITS RESULTS ARE ON 21ST FEB 2017.

The yearly high of Castrol India is 495 and the yearly low is 354,

ABOUT COMPANY

Castrol India Ltd is a Large cap company with a market Cap at around 21394.72 Crores, it operates in Petrochemicals Sector, the key products include Lubricating Oils and Greases which contribute significantly for the revenue of the Company, the stock has given a bullish candle on the daily chart and is firmly placed above all EMA, i.e, 20, 50, 200 moving averages and the bullish candle is a signal of Positive trend, please wait for the stock to give a retracement towards 325, at most it may go to 320 not less than that, the downside is capped and there is a lot of upside left in the stock and for long term investors, the present stock call is a buy on dips, The company is supposed to be posting its result on 21/02/2017 and we do expect a increase in Net profit from Q to Q and Y to Y, overall we hold a buy on Castrol India with a short term target of 440 and we prefer to the viewers to place a sell on order at 440, immaterial of the results, it may cross 440 and reach 460, but a reasonable target as per me would be 440 and book profit at that level, as volatility is expected in the stock due to board meeting and results. We have a buy on this stock.