Don't miss this - A market leader is available at a good price.
How to do good in the markets ? - Buy low and sell high :-D
Well, in this article, I will try to explain how can you really do well in the markets, practically. Not just an advice like - Buy low and sell high.
Here's an explanation for this analysis:
Fundamental:
1. A Market leader - Castrol is the second highest market share holder with more than 20% market.
2. Very strong Fundamentals - These numbers are just dream for any company. The below figures are twice as good as any competitors in this business.
ROCE - 60.8 %
ROE - 45.9 %
3. Consistent profit growth.
There could be other parameters also, but I am highlighting the above three for fundamental analysis.
Technical:
1. Huge buying force: A good share is known for performance and this has given 600% from the listing. Which is significant.
2. Correction: 60% correction from the top which catches my attention to notice a good share.
3. Base formation: Like my other analysis, I like to see a good base formation for a decent time frame. Here, the stock stops making lower lows and starts showing the sign of strengths.
4. Breakout: The dream begins here. As per Stan Weinstein (whom I have learnt a lot from), this is the stage 1 breakout. Here the stock shows first sign of strength again.
Summary: If the stock confirms the breakout above 148-150 on the monthly charts, it can be a good entry location for the long term.
Please understand that, nobody can make you rich by just giving you a share name, it is you who should understand your inner self and play the games by your own rules. !!
Well, in this article, I will try to explain how can you really do well in the markets, practically. Not just an advice like - Buy low and sell high.
Here's an explanation for this analysis:
Fundamental:
1. A Market leader - Castrol is the second highest market share holder with more than 20% market.
2. Very strong Fundamentals - These numbers are just dream for any company. The below figures are twice as good as any competitors in this business.
ROCE - 60.8 %
ROE - 45.9 %
3. Consistent profit growth.
There could be other parameters also, but I am highlighting the above three for fundamental analysis.
Technical:
1. Huge buying force: A good share is known for performance and this has given 600% from the listing. Which is significant.
2. Correction: 60% correction from the top which catches my attention to notice a good share.
3. Base formation: Like my other analysis, I like to see a good base formation for a decent time frame. Here, the stock stops making lower lows and starts showing the sign of strengths.
4. Breakout: The dream begins here. As per Stan Weinstein (whom I have learnt a lot from), this is the stage 1 breakout. Here the stock shows first sign of strength again.
Summary: If the stock confirms the breakout above 148-150 on the monthly charts, it can be a good entry location for the long term.
Please understand that, nobody can make you rich by just giving you a share name, it is you who should understand your inner self and play the games by your own rules. !!
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