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Stock analysis Castrol India Limited CASTROLIND

More indepth analysis on MunafaSutra.com

Moving Averages for Castrol India Limited

  • 5Day Average: 189.52
  • 12Day Average: 194.42
  • 20Day Average: 200.89
  • 50Day Average: 196.54
  • 100Day Average: 175.12
  • 150Day Average: 164.19
  • 200Day Average: 156.66

CASTROLIND Indicators & signals

Indicator MACD (12,26,9)

194.03, 196.93, -0.61
Indicator MACD is in negative zone

Indicator ADX (14)

41.1, 11.18, 26.79
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CASTROLIND Castrol India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 185.95 185.20 to 191.10 -2% 0.81 times
27 Wed Mar 2024 189.75 187.00 to 192.60 1.61% 1.03 times
26 Tue Mar 2024 186.75 186.10 to 191.40 -2.48% 0.75 times
22 Fri Mar 2024 191.50 191.00 to 193.50 -1.11% 0.6 times
21 Thu Mar 2024 193.65 192.10 to 196.00 -1.05% 0.74 times
20 Wed Mar 2024 195.70 192.50 to 198.15 -0.36% 0.81 times
19 Tue Mar 2024 196.40 195.60 to 200.90 -2.24% 0.75 times
18 Mon Mar 2024 200.90 197.85 to 202.20 1.9% 0.87 times
15 Fri Mar 2024 197.15 193.05 to 202.70 -1.28% 1.06 times
14 Thu Mar 2024 199.70 186.05 to 202.70 4.25% 1.6 times
13 Wed Mar 2024 191.55 189.25 to 207.60 -6.1% 1.77 times
12 Tue Mar 2024 204.00 201.20 to 213.90 1.02% 2.71 times

Technical analysis forecast for Castrol India Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Castrol India Limited CASTROLIND at this time. Stock is falling and might fall more.

It appears as if Castrol India Limited CASTROLIND gave a large move recently.

Stock of Castrol India Limited (CASTROLIND) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Castrol India Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Castrol India Limited stays below 187.2, but if it comes above 187.2, then a intra day buy could be more profitable.
If you take a sell trade below 187.2, then use 187.2 as stoploss and 176.1 as target. However if you take a buy trade in Castrol India Limited, then use 187.2 as stoploss and 196.51 as target.

More indepth analysis on MunafaSutra.com