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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 2024-04-08 View latest technical analysis

10 day averaged volume of Oil India is 5764508

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	624.60	634.50	644.00	618.50	0.704 times
05 Fri Apr 2024	628.40	624.85	648.60	622.20	0.899 times
04 Thu Apr 2024	621.75	639.00	641.60	613.35	0.986 times
03 Wed Apr 2024	635.65	630.10	669.50	625.10	2.329 times
02 Tue Apr 2024	630.10	595.00	635.00	590.15	1.216 times
01 Mon Apr 2024	591.00	606.30	608.50	582.50	0.741 times
28 Thu Mar 2024	600.25	603.95	611.00	592.20	0.598 times
27 Wed Mar 2024	598.80	611.95	629.80	592.05	1.021 times
26 Tue Mar 2024	611.45	584.40	615.70	578.75	0.962 times
22 Fri Mar 2024	581.75	592.15	595.95	578.75	0.56 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 625.1 as stoploss in an intra day sell trade for a target of 596.58. However, stock will show a bullish move above 625.1.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	305.50
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	578.75
Downside Target	596.60
Downside Target	618.50
Upside Target	643.00
Upside Target	644.00
Upside Target	647.00
Upside Target	669.50

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	614.07
Downside Intraday Target	603.53
Upside Intraday Target	639.57
Upside Intraday Target	654.53
Upside Intraday Target	629.03

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	624.60	634.50	644.00	618.50	0.114 times
05 Fri Apr 2024	628.40	606.30	669.50	582.50	2.39 times
28 Thu Mar 2024	600.25	584.40	629.80	578.75	0.781 times
22 Fri Mar 2024	581.75	548.50	596.60	533.35	0.519 times
15 Fri Mar 2024	555.65	632.90	643.00	513.00	1.095 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
08 Mon Apr 2024	624.60	606.30	669.50	582.50	0.344 times
28 Thu Mar 2024	600.25	554.35	647.00	513.00	0.607 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

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Oil India ( (OIL) ) based on a short 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.

Price action analysis of Oil India ( (OIL) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Oil India in short term and the buy signal is strong.

Oil India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 617.66 and Oil India (OIL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.