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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 3377783

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	191.40	188.50	199.90	188.20	3.251 times
09 Thu May 2024	187.35	194.80	195.50	186.15	0.747 times
08 Wed May 2024	194.85	193.95	196.50	192.50	0.494 times
07 Tue May 2024	193.55	200.80	200.85	192.50	1.016 times
06 Mon May 2024	199.95	198.40	201.00	191.00	1.281 times
03 Fri May 2024	196.40	204.00	204.05	194.60	1.858 times
02 Thu May 2024	202.10	208.10	211.20	201.55	1.799 times
30 Tue Apr 2024	210.90	213.70	213.70	209.40	0.636 times
29 Mon Apr 2024	212.10	214.80	215.70	210.25	0.68 times
26 Fri Apr 2024	212.70	213.60	215.60	210.60	0.858 times

Stock of Castrol India (CASTROLIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 196.8, but if it comes above 196.8, then a intra day buy could be more profitable.
If you take a sell trade below 196.8, then use 196.8 as stoploss and 185.6 as target. However if you take a buy trade in stock , then use 196.8 as stoploss and 206.17 as target.

Share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Target	166.05
Downside Target	185.20
Upside Target	194.60
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	184.7
Downside Intraday Target	178
Upside Intraday Target	199.55
Upside Intraday Target	207.7
Upside Intraday Target	192.85

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	191.40	198.40	201.00	186.15	1.365 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
10 Fri May 2024	191.40	208.10	211.20	186.15	0.294 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 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 SELL signal in short term but selling 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 198.14 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.