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.
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.
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