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Technicals for Castrol India Limited
By MusingTheNews
2025-06-13 20:28
Overall Technical outlook
Price Summary
Castrol India Limited's stock opened at 218.62 on 2025-06-12, surged to 222.02, hit a low of 213.76, and closed up -1.68% at 214.94, with 1705051 shares traded. In the 52-week period, the stock's peak price is 274.85, and the lowest price recorded is 169.31. 6 analysts forecast that the price of CASTROLIND will range from 210.0 to 251.0, with an average expected price near 233.16667.
Technicals
Support and Resistance: The current price of 214.94 is supported at 208.12, with resistance at 216.39. This suggests that the price for CASTROLIND might remain between these levels, where 208.12 acts as a floor and 216.39 as a ceiling in the market. Support/Resistance for CASTROLIND
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for Castrol India Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for Castrol India Limited
Parabolic SAR: The PSAR maintains a bearish outlook for CASTROLIND, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued. Parabolic Stop and Reverse chart for Castrol India Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Castrol India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for CASTROLIND are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend. Tripple SMA chart for Castrol India Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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