CASTROLIND - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.9

Castrol India (CASTROLIND) shows moderate strength for intraday trading today, with a mix of technical stability and decent volume. Here's a full breakdown of its setup and strategy

📊 Technical & Momentum Overview

RSI (47.4): Neutral zone, suggesting balanced momentum with potential for upward movement.

MACD (0.70): Mildly bullish, indicating a possible continuation of the current trend.

Volume (14.37L vs Avg 12.79L): Slightly above average, showing healthy intraday interest.

Price vs DMA: Trading right at the 50-DMA (218 ₹) and above 200-DMA (212 ₹)—a technically supportive zone.

📈 Intraday Strategy

If considering a fresh position

Optimal Buy Zone: Around 217–219 ₹, ideally near VWAP and 50-DMA.

Profit Targets

Target 1: 222 ₹ (minor resistance)

Target 2: 227 ₹ (next swing high)

Stop-Loss: 215 ₹ (below VWAP and psychological support)

If already holding intraday

Exit on Weakness: If price breaks 215 ₹ with rising volume and MACD turns negative.

Exit on Strength: If price nears 225–227 ₹ but RSI fails to cross 55—indicating momentum exhaustion.

⚠️ Risk Factors

PEG Ratio (3.45): Suggests overvaluation relative to growth.

Quarterly Profit Decline: PAT dropped from 271 Cr. to 233 Cr.—watch for sentiment shifts.

RSI & MACD: While neutral-to-bullish, they’re not strongly directional.

Price Action: Trading in a tight range—breakouts may be limited without volume surge.

For a deeper technical view, you can explore CASTROLIND’s TradingView chart or check the intraday forecast and strength matrix for short-term targets and trend signals.

Want to scan for stronger setups in the oil & gas sector or compare CASTROLIND with peers like IOC or BPCL? I’ve got some solid picks lined up.

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