Saurabh Chandrakar Dubai : Analysis for Castrol India, Trend, Breakout and Support Levels

Casrtol India Fundamentals

Castrol India has one of the largest manufacturing and marketing networks amongst lubricant companies in India. Our three manufacturing plants located at Silvassa, Patalganga and Paharpur are supported by a strong distribution network reaching over 105,000 retail outlets serviced through 420 distributors nationally.

Stock Analysis of Castrol india By Saurabh Chandrakar

here’s what I can tell you about the trend, support, resistance, and breakout:

Castrol India Trend: Upward. The price has been making higher highs and higher lows over the past few months.

Castrol India Support: There is no clear horizontal line that can be definitively identified as support based on the timeframe provided. However, the price appears to have found buyers around the ₹190 level in December 2023 and February 2024.

Castrol India Resistance: The level around ₹220 appears to be acting as resistance. The price has tested this level twice in the past month but has been unable to break above it.

Castrol India Breakout: There is no recent breakout on the chart.

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