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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 2024-09-16 View latest technical analysis

10 day averaged volume of Castrol India is 6203180

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	257.45	260.00	260.75	255.50	0.318 times
13 Fri Sep 2024	258.95	262.00	262.50	258.00	0.359 times
12 Thu Sep 2024	260.50	258.75	263.45	256.70	0.669 times
11 Wed Sep 2024	255.95	260.75	262.50	253.95	0.445 times
10 Tue Sep 2024	259.90	259.20	266.65	257.40	0.861 times
09 Mon Sep 2024	256.20	264.70	265.00	251.00	0.822 times
06 Fri Sep 2024	264.00	269.00	276.80	262.95	0.896 times
05 Thu Sep 2024	267.75	273.30	276.30	266.10	0.798 times
04 Wed Sep 2024	271.95	267.00	278.80	265.45	2.513 times
03 Tue Sep 2024	268.50	262.95	274.50	262.95	2.006 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 257.9, but if it comes above 257.9, then a intra day buy could be more profitable.
If you take a sell trade below 257.9, then use 257.9 as stoploss and 250.3 as target. However if you take a buy trade in stock , then use 257.9 as stoploss and 264.19 as target.

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	240.00
Downside Target	249.85
Upside Target	266.65
Upside Target	276.00
Upside Target	278.80
Upside Target	279.80
Upside Target	284.40

Intraday share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Intraday Target	255.05
Downside Intraday Target	252.65
Upside Intraday Target	260.3
Upside Intraday Target	263.15
Upside Intraday Target	257.9

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	257.45	260.00	260.75	255.50	0.101 times
13 Fri Sep 2024	258.95	264.70	266.65	251.00	0.461 times
06 Fri Sep 2024	264.00	265.30	278.80	260.55	0.697 times
30 Fri Aug 2024	264.75	267.60	284.40	262.25	1.207 times
23 Fri Aug 2024	266.30	252.70	276.00	249.85	3.414 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
16 Mon Sep 2024	257.45	265.30	278.80	251.00	0.362 times
30 Fri Aug 2024	264.75	263.10	284.40	240.00	0.401 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 gaining 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 in or below the green 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 and the buying is gaining 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 265.26 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.