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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.

Showing technical analysis as on 2024-08-08 View latest technical analysis

10 day averaged volume of Castrol India is 9289321

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	255.55	254.80	259.50	251.40	0.654 times
07 Wed Aug 2024	255.85	246.00	258.50	245.95	1.107 times
06 Tue Aug 2024	241.85	250.75	256.95	240.00	0.751 times
05 Mon Aug 2024	247.10	252.35	256.90	244.90	0.838 times
02 Fri Aug 2024	260.10	250.20	266.85	250.20	1.171 times
01 Thu Aug 2024	255.70	263.10	266.70	255.00	0.477 times
31 Wed Jul 2024	262.14	270.00	270.00	261.00	0.808 times
30 Tue Jul 2024	271.19	269.00	279.80	266.51	1.372 times
29 Mon Jul 2024	268.30	268.25	272.00	265.41	0.933 times
26 Fri Jul 2024	266.01	272.50	278.85	264.55	0.848 times

My analysis of stock is bearish for shortterm, and stock might move down till 249.1 or till 237.8. Use a stoploss of 258.45 and if the stock hits stoploss, then it can shoot up till 267.83

Share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Target	167.05
Downside Target	185.45
Downside Target	202.01
Downside Target	211.20
Downside Target	230.40
Downside Target	239.50
Downside Target	245.40
Upside Target	259.50
Upside Target	260.20
Upside Target	266.85
Upside Target	277.69
Upside Target	278.85
Upside Target	279.80

Intraday share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Intraday Target	243.87
Downside Intraday Target	232.18
Upside Intraday Target	263.37
Upside Intraday Target	271.18
Downside Intraday Target	251.68

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	255.55	252.35	259.50	240.00	0.704 times
02 Fri Aug 2024	260.10	268.25	279.80	250.20	0.692 times
26 Fri Jul 2024	266.01	244.89	278.85	231.61	0.997 times
19 Fri Jul 2024	246.94	252.97	277.69	245.40	1.254 times
12 Fri Jul 2024	251.58	254.02	260.20	239.50	0.22 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
08 Thu Aug 2024	255.55	263.10	266.85	240.00	0.105 times
31 Wed Jul 2024	262.14	202.50	279.80	202.01	5.56 times
28 Fri Jun 2024	200.61	200.00	214.60	167.05	1.196 times
31 Fri May 2024	195.05	208.10	211.20	185.45	0.551 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Castrol India ( (CASTROLIND) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Castrol India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Castrol India in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 259.56 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 positive

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