CASTROLIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here's a detailed technical analysis of CASTROLIND

📊 Trend Overview

Current Trend: Consolidating with mild bearish bias

Price is below both 50 DMA (₹207) and 200 DMA (₹210), indicating short-term weakness.

RSI at 49.3 is neutral, suggesting indecision.

MACD at -2.29 signals bearish momentum.

📈 Technical Indicators

Moving Averages

Price (₹203) < 50 DMA (₹207) and < 200 DMA (₹210): Bearish crossover

RSI (49.3)

Neutral zone. No strong momentum either way.

MACD (-2.29)

Negative crossover. Momentum is weak and declining.

Bollinger Bands

Price near lower band, indicating potential oversold condition but not yet a reversal signal.

Volume Trends

Current volume (11.4L) < 1-week average (23.8L): Declining interest

Suggests lack of conviction in current price action.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and price below key moving averages point to short-term weakness.

RSI hovering near 50 shows indecision, not a strong reversal signal yet.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 195 Recent swing low

Support 2 185 Strong historical support

Resistance 1 207 50 DMA, short-term ceiling

Resistance 2 210 200 DMA, key breakout level

Resistance 3 225 Previous consolidation zone

🎯 Entry & Exit Zones

Optimal Entry: ₹195–₹198 (on pullback near support)

Exit Zone: ₹207–₹210 (short-term resistance)

Aggressive Target: ₹225 if breakout above 200 DMA sustains

🧭 Summary

Trend: Consolidating with bearish undertone

Momentum: Weak, with declining volume and negative MACD

Outlook: Wait for confirmation of reversal above ₹210 before aggressive entry

Valuation: Reasonable P/E (21.0) vs industry (18.8), strong ROE/ROCE, attractive dividend yield (4.18%)

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