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Technicals for Castrol India Limited
By MusingTheNews
2025-05-30 20:28
Overall Technical outlook
Price Summary
Castrol India Limited's stock started the year at 219.2, climbed to a high of 219.9, fell to 214.62, and closed -1.36% down at 216.22, with 3465049 shares traded on 2025-05-30. Throughout the 52-week period, the stock hit a high of 274.85 and a low of 169.31. The future price of CASTROLIND is anticipated to range from 210.0 to 251.0, with an expected mean price of 233.16667, according to the recommendations of 6 analysts.
Technicals
Support and Resistance: The current price of 216.22 is supported at 208.12, with resistance at 222.78. This suggests that the price for CASTROLIND might remain between these levels, where 208.12 acts as a floor and 222.78 as a ceiling in the market. Support/Resistance for CASTROLIND
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Castrol India Limited
Bol. Bands: The current price crossing below the upper Bollinger Band indicates a possible downward shift for CASTROLIND. This signal might suggest that the asset is losing bullish momentum and could be preparing for a decline. Traders often view this as an early warning of an overbought condition, where the price correction is likely, making it a crucial point for evaluating potential short positions. Bolinger Bands chart for Castrol India Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Castrol India Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Castrol India Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Castrol India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Castrol India Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Castrol India Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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