The stock of Castrol India gained 3.6 per cent accompanied by above average volume on Thursday, breaking above a key resistance at ₹125. Investors with a short-term perspective can buy the stock at current levels as it witnesses buying interest.
Both the daily and the weekly price rate of change indicator feature in the positive territory implying buying interest.
The short-term trend is bullish for the stock. It can extend the up-move and reach the price targets at ₹134.5 and ₹137. Traders can buy the stock with a stop-loss at ₹126.5.
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