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(CASTROLIND) Castrol India complete technical analysis [charts+indicators] | Buy/Sell Castrol India | (CASTROLIND) share price targets

Complete technical analysis of Castrol India (CASTROLIND) by charts plus indicators, forecast predictions and share price targets for Castrol India (CASTROLIND)

Castrol India trades in NSE in Oil Marketing & Distribution sector.

10 day averaged volume of Castrol India is 3542043

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	193.55	200.80	200.85	192.50	0.969 times
06 Mon May 2024	199.95	198.40	201.00	191.00	1.222 times
03 Fri May 2024	196.40	204.00	204.05	194.60	1.772 times
02 Thu May 2024	202.10	208.10	211.20	201.55	1.715 times
30 Tue Apr 2024	210.90	213.70	213.70	209.40	0.607 times
29 Mon Apr 2024	212.10	214.80	215.70	210.25	0.649 times
26 Fri Apr 2024	212.70	213.60	215.60	210.60	0.818 times
25 Thu Apr 2024	211.35	213.00	213.80	210.00	0.601 times
24 Wed Apr 2024	212.40	210.40	216.00	209.45	1.152 times
23 Tue Apr 2024	208.35	210.00	211.75	207.35	0.722 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 193, for a target of 202 or 209.5

Share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Target	166.05
Downside Target	185.20
Downside Target	191.00
Upside Target	206.00
Upside Target	211.20
Upside Target	213.80
Upside Target	215.70
Upside Target	216.00
Upside Target	218.10
Upside Target	219.60
Upside Target	230.40

Intraday share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Intraday Target	189.37
Downside Intraday Target	185.18
Upside Intraday Target	199.37
Upside Intraday Target	205.18
Upside Intraday Target	195.18

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	193.55	198.40	201.00	191.00	0.462 times
03 Fri May 2024	196.40	214.80	215.70	194.60	1.175 times
26 Fri Apr 2024	212.70	209.60	216.00	206.90	0.737 times
19 Fri Apr 2024	207.55	217.50	218.10	200.10	0.367 times
12 Fri Apr 2024	223.45	210.40	230.40	206.00	1.821 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Castrol India (CASTROLIND)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	193.55	208.10	211.20	191.00	0.167 times
30 Tue Apr 2024	210.90	187.00	230.40	187.00	1.445 times
28 Thu Mar 2024	185.95	210.80	219.60	185.20	0.528 times
29 Thu Feb 2024	208.40	197.65	213.80	186.55	0.936 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Castrol India (CASTROLIND)

Price action analysis of Castrol India ( (CASTROLIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Castrol India ( (CASTROLIND) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Castrol India ( (CASTROLIND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Castrol India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Castrol India in short term and the sell signal is strong.

Castrol India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Castrol India in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Castrol India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 204.2 and Castrol India (CASTROLIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Castrol India (CASTROLIND) stock. Volume based technical analysis of Castrol India (CASTROLIND) stock is negative.

Castrol India Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.