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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 2024-04-04 View latest technical analysis

10 day averaged volume of Castrol India is 4337858

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	209.05	210.50	212.60	206.25	0.57 times
03 Wed Apr 2024	209.20	209.95	214.95	207.80	1.181 times
02 Tue Apr 2024	211.25	203.00	211.95	201.00	2.447 times
01 Mon Apr 2024	201.40	187.00	203.65	187.00	1.695 times
28 Thu Mar 2024	185.95	190.25	191.10	185.20	0.685 times
27 Wed Mar 2024	189.75	187.00	192.60	187.00	0.877 times
26 Tue Mar 2024	186.75	191.40	191.40	186.10	0.639 times
22 Fri Mar 2024	191.50	193.00	193.50	191.00	0.514 times
21 Thu Mar 2024	193.65	196.00	196.00	192.10	0.631 times
20 Wed Mar 2024	195.70	197.00	198.15	192.50	0.692 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 208.5, but if it comes below 208.5, then a intra day sell could be more profitable.
If you take a sell trade below 208.5, then use 208.5 as stoploss and 200.04 as target. However if you take a buy trade in stock , then use 208.5 as stoploss and 218.7 as target.

Share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Target	137.95
Downside Target	166.05
Downside Target	185.20
Downside Target	197.90
Downside Target	202.20
Downside Target	207.00
Upside Target	213.80
Upside Target	213.90
Upside Target	214.95
Upside Target	219.60

Intraday share price targets for Castrol India (CASTROLIND)

Target Type	Value
Downside Intraday Target	192.38
Downside Intraday Target	175.72
Upside Intraday Target	220.33
Upside Intraday Target	231.62
Downside Intraday Target	203.67

Weekly technical analysis of Castrol India (CASTROLIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	209.05	187.00	214.95	187.00	2.679 times
28 Thu Mar 2024	185.95	191.40	192.60	185.20	0.683 times
22 Fri Mar 2024	191.50	199.10	202.20	191.00	0.469 times
15 Fri Mar 2024	197.15	209.50	213.90	186.05	1.69 times
07 Thu Mar 2024	209.50	215.30	219.60	207.00	0.5 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Castrol India (CASTROLIND)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	209.05	187.00	214.95	187.00	0.308 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
31 Wed Jan 2024	196.70	179.75	197.90	166.05	0.799 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Castrol India ( (CASTROLIND) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Castrol India in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Castrol India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

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 200.76 and Castrol India (CASTROLIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.