Retailers with a medium-term perspective should buy the inventory of Castrol India at present ranges. The inventory recorded a 52-week low at ₹104 in mid-October 2020 and commenced to pattern upwards after that.

Since then, the inventory has been in an intermediate-term uptrend. Inside this uptrend, the inventory was on a sideways consolidation half contained contained all by the band between ₹118 and ₹137 from December till closing week. The inventory took help from the decrease boundary in late April and continued to pattern all by the route of the higher finish of the sideways band.

On Friday, the inventory jumped with an upward hole, gaining 5 per cent accompanied by extraordinary quantity. With this upmove, the inventory has conclusively breached the required state of affairs barrier at ₹137 and has moved out of the sideways fluctuate.

Outlook is bullish and the inventory has potential lengthen the uptrend to ₹162 over the medium time interval with a minor pause at spherical ₹155. Retailers should buy with a set stop-loss at ₹130.