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Technicals for Castrol India Limited
By MusingTheNews
2026-02-02 20:28
Overall Technical outlook
Price Summary
On 2026-02-02, Castrol India Limited's stock opened at 182.5, reached a high of 185.76, dropped to a low of 182.02, and closed higher 1.43% at 185.11, with a trading volume of 1552185 shares. Over the past 52 weeks, the stock reached a maximum price of 245.88 and a minimum price of 176.47. As per recommendations from 6 analysts, CASTROLIND's future price is expected to span between 210.0 and 260.0, with a mean price around 232.83333.
Technicals
Support and Resistance: At 185.11, the price is supported by 183.38 and resisted by 189.02. This indicates that the price for Castrol India Limited might fluctuate between these levels, with 183.38 acting as a support and 189.02 limiting further upward movement. Support/Resistance for CASTROLIND
Aroon: The AROON 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. Aroon chart for Castrol India Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Castrol India Limited
Parabolic SAR: The PSAR has just shifted from bearish to bullish, indicating a potential trend reversal. If this move is confirmed by other indicators, it could signal a strong bullish trend. Traders should monitor this development closely, especially if other market signals align with this bullish reversal for Castrol India Limited. Parabolic Stop and Reverse chart for Castrol India Limited
Stochastic: The STOCHASTIC is in a neutral stance for CASTROLIND, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for Castrol India Limited
Tripple Moving Agerage: The moving averages for CASTROLIND for the 20-50-100 periods point to a bullish trend, but the slopes of the faster averages suggest this strength may be waning. The potential for a reversal is becoming apparent, as the shorter-term averages indicate that the upward momentum could be weakening, signaling a possible trend change. Tripple SMA chart for Castrol India Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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