Castrol India advanced 5.13% to Rs 128.10 on BSE, extending recent gains on a strong buying support.
Shares of Castrol India rallied 5.91% in three consecutive trading sessions to its current market price of Rs 128.10 from its recent closing low of Rs 120.95 hit on Friday, 24 April 2020.
On the technical front, the stock's RSI (relative strength index) stood at 61.083. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading below its 50-day moving average (DMA) placed at Rs 126.19 and above its 200-day moving average (DMA) placed at Rs 130.74.
Castrol India is engaged in providing coke and refined petroleum products. The firm is involved in manufacturing lubricating oils. The company operates through two segments: automotive and non-automotive.
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