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(OIL) Oil India complete technical analysis [charts+indicators] | Buy/Sell Oil India | (OIL) share price targets

Complete technical analysis of Oil India (OIL) by charts plus indicators, forecast predictions and share price targets for Oil India (OIL)

Oil India trades in NSE in Exploration & Production sector.

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Oil India is 7299976

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	545.70	545.00	559.15	533.35	0.753 times
18 Mon Mar 2024	545.20	548.50	554.05	534.30	0.384 times
15 Fri Mar 2024	555.65	579.50	588.70	513.00	2.367 times
14 Thu Mar 2024	573.15	573.80	590.50	562.00	0.557 times
13 Wed Mar 2024	573.80	618.65	619.35	563.15	0.772 times
12 Tue Mar 2024	612.70	621.50	627.25	603.00	0.65 times
11 Mon Mar 2024	615.35	632.90	643.00	610.50	0.681 times
07 Thu Mar 2024	630.10	636.00	643.55	627.35	0.56 times
06 Wed Mar 2024	633.85	634.00	647.00	618.00	0.891 times
05 Tue Mar 2024	631.50	628.90	638.70	618.00	0.877 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 559.2, but if it comes above 559.2, then a intra day buy could be more profitable.
If you take a sell trade below 559.2, then use 559.2 as stoploss and 524.9 as target. However if you take a buy trade in stock , then use 559.2 as stoploss and 587.86 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	293.20
Downside Target	305.50
Downside Target	328.30
Downside Target	362.40
Downside Target	406.40
Downside Target	423.05
Downside Target	443.35
Downside Target	513.00
Downside Target	533.35
Downside Target	544.00
Upside Target	559.15
Upside Target	572.85
Upside Target	593.90
Upside Target	630.00
Upside Target	643.00
Upside Target	647.00

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	532.98
Downside Intraday Target	520.27
Upside Intraday Target	558.78
Upside Intraday Target	571.87
Upside Intraday Target	546.07

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	545.70	548.50	559.15	533.35	0.226 times
15 Fri Mar 2024	555.65	632.90	643.00	513.00	1.095 times
07 Thu Mar 2024	630.10	594.00	647.00	593.90	1.085 times
02 Sat Mar 2024	592.75	587.35	598.70	544.00	0.684 times
23 Fri Feb 2024	591.60	576.00	630.00	572.85	0.64 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Oil India (OIL)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	545.70	554.35	647.00	513.00	0.472 times
29 Thu Feb 2024	546.55	427.90	630.00	423.05	2.014 times
31 Wed Jan 2024	426.50	373.50	443.35	362.40	0.63 times
29 Fri Dec 2023	372.15	308.00	406.40	305.50	3.417 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Oil India (OIL)

Price action analysis of Oil India ( (OIL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil India ( (OIL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil India ( (OIL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Oil India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Oil India in short term but the sell signal is initial and weak.

Oil India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Oil India in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Oil India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 587.19 and Oil India (OIL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Oil India (OIL) stock. Volume based technical analysis of Oil India (OIL) stock is negative.

Oil India Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.