CASTROLIND - Technical Analysis

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

Technical Rating: 3.8

Here’s a detailed technical analysis of CASTROLIND (Castrol India Ltd.)

📊 Trend Overview

Current Price: ₹218 is right at the 50-DMA and above the 200-DMA (₹212) — indicating a neutral-to-bullish trend.

RSI (47.4): In the neutral zone, suggesting no strong momentum either way.

MACD (0.70): Slightly positive, hinting at mild bullish crossover.

Volume: Slightly above average, indicating moderate interest and potential accumulation.

📌 Conclusion: The stock is consolidating with a slight bullish bias.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is near the middle band, suggesting no breakout pressure.

Candlestick Patterns: Recent formations show higher lows, indicating buying interest.

Support Levels

₹212 (200-DMA)

₹205 – ₹208 (Fibonacci zone)

₹163 (52-week low)

Resistance Levels

₹223 – ₹230 (recent swing highs)

₹245 – ₹284 (long-term resistance zone)

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 208 – 212 Near 200-DMA, strong support zone

Target 1 223 – 230 Recent resistance zone

Target 2 245 – 284 Long-term breakout zone

Stop Loss 202 Below key support and psychological level

🔍 Momentum Signals

Short-Term: Neutral momentum, RSI and MACD mildly bullish.

Medium-Term: Consolidation with potential for breakout above ₹230.

Long-Term: Strong fundamentals — high ROCE (55.2%), ROE (41.8%), low debt (0.04) — support sustained upside.

🧭 Final Take

CASTROLIND is consolidating with a bullish undertone. A breakout above ₹230 with volume confirmation could trigger a rally toward ₹245–₹284. Accumulation near ₹208–₹212 offers a favorable risk-reward setup for swing traders.

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