CASTROLIND 1 Week View

🔍 Key Levels

Based on recent technical data:

Support zone: ~ ₹187 – ₹189 (ET Money shows S3 ≈ ₹185.42, S2 ≈ ₹186.71)

Pivot / near-term equilibrium: ~ ₹190 – ₹191 (Weekly central pivot ~₹190.42)

Upside resistance: ~ ₹194 - ₹196 (Weekly R1 ~₹192.83, R2 ~₹196.64)

📈 Short-Term Bias & Likely Scenarios

The momentum indicators (RSI ~33, CCI negative) show the stock is under downward pressure/weak momentum.

If the price stays above ₹187-189, one could anticipate a bounce up into the ₹194-196 zone this week.

If it breaks below ~₹187-189 decisively, support further down could be ~₹183-185 (based on extension levels)

✅ My View for the Week

Bias: Mildly bearish to neutral unless buyers step in strongly.

Actionable zone: Watch ₹187-189 closely — a failure here may trigger further decline; a hold could enable rebound toward ₹194-196.

If you want a more aggressive trade setup (with stop-loss, reward ratio), I can map that too.