#CASTROLIND

Fundamentals:
* ROCE - 55.2%, ROE - 41.8%. Debt to Equity - 0.04
* EPS / Revenue - has been steadily increasing
* FIIs - Marginal reduction over last 2 quarters
* Retail holding levels have gone up which is not a good sign
* Promoter holding has remained steady mostly
* Domestic instituitions have reduced stake

Technicals:
* Price is forming reverse Head and Shoulder pattern and price is breaking the neckline
* Volumes have subsided indicating silent accumulation by Instituitions and rising only when price goes up
* RVOL is just near increasing, and last two sessions the volume indicates increase in trading
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 4.4% and indicating up move
* Weekly chart shows clear signs of consolidation and 10 WEMA is now making a base to go up
* Price has remained stuck at 23.2% fibo and now trying to move up.

The stock is not that fundamentally sound compared to its peers. However, it is presently giving a very tight entry opportunity.
In this market of gloom, that is the only sector which is trying to shine.


Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.