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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 2024-09-23 View latest technical analysis

10 day averaged volume of Castrol India is 3304951

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	252.05	252.00	254.60	250.05	0.611 times
20 Fri Sep 2024	250.05	248.90	254.00	248.10	0.959 times
19 Thu Sep 2024	246.85	254.00	256.35	242.60	1.218 times
18 Wed Sep 2024	252.10	254.00	256.70	251.50	0.543 times
17 Tue Sep 2024	254.65	256.45	259.85	252.80	0.76 times
16 Mon Sep 2024	257.45	260.00	260.75	255.50	0.597 times
13 Fri Sep 2024	258.95	262.00	262.50	258.00	0.674 times
12 Thu Sep 2024	260.50	258.75	263.45	256.70	1.255 times
11 Wed Sep 2024	255.95	260.75	262.50	253.95	0.835 times
10 Tue Sep 2024	259.90	259.20	266.65	257.40	1.617 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 253.1, but if it comes above 253.1, then a intra day buy could be more profitable.
If you take a sell trade below 253.1, then use 253.1 as stoploss and 243.7 as target. However if you take a buy trade in stock , then use 253.1 as stoploss and 260.98 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	250.05
Upside Target	260.55
Upside Target	266.65
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	249.87
Downside Intraday Target	247.68
Upside Intraday Target	254.42
Upside Intraday Target	256.78
Upside Intraday Target	252.23

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	252.05	252.00	254.60	250.05	0.15 times
20 Fri Sep 2024	250.05	260.00	260.75	242.60	0.688 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

Price has moved up 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
23 Mon Sep 2024	252.05	265.30	278.80	242.60	0.438 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 255.16 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.