Castrol India Ltd is one of India’s leading lubricant companies, primarily engaged in manufacturing and marketing automotive and industrial lubricants. It operates as a subsidiary of BP (British Petroleum) but is listed on Indian stock exchanges. The stock is traded on NSE & BSE under the ticker CASTROLIND.
Price chart confirmed a breakout from a 19-week long base above the 200-day average. Price broke out with a gap up and on substantially higher volumes. Price can re-test towards the neckline area at 220. This level will act as short-term support.
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