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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 2024-07-10 View latest technical analysis

10 day averaged volume of Oil India is 4364204

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	512.85	512.80	515.00	494.05	0.576 times
09 Tue Jul 2024	509.15	507.95	515.50	504.85	0.54 times
08 Mon Jul 2024	500.05	492.90	517.95	490.05	1.231 times
05 Fri Jul 2024	489.50	494.90	495.00	487.20	0.489 times
04 Thu Jul 2024	492.35	499.00	506.00	489.35	0.624 times
03 Wed Jul 2024	495.30	491.40	499.00	479.35	0.742 times
02 Tue Jul 2024	485.35	481.00	512.00	480.15	2.9 times
01 Mon Jul 2024	713.85	733.45	734.00	705.05	0.806 times
28 Fri Jun 2024	723.05	712.00	743.60	710.00	1.459 times
27 Thu Jun 2024	705.25	707.80	712.00	697.00	0.742 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 531.3, but if it comes above 531.3, then a intra day buy could be more profitable.
If you take a sell trade below 531.3, then use 531.3 as stoploss and 416.5 as target. However if you take a buy trade in stock , then use 531.3 as stoploss and 626.88 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	490.05
Upside Target	513.00
Upside Target	545.00
Upside Target	582.50
Upside Target	605.00
Upside Target	647.00
Upside Target	669.50
Upside Target	691.60
Upside Target	709.00
Upside Target	734.00
Upside Target	743.60

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	495.95
Downside Intraday Target	479.05
Upside Intraday Target	523.85
Upside Intraday Target	534.85
Downside Intraday Target	506.95

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	512.85	492.90	517.95	490.05	0.422 times
05 Fri Jul 2024	489.50	733.45	734.00	479.35	1.345 times
28 Fri Jun 2024	723.05	704.95	743.60	691.60	1.026 times
21 Fri Jun 2024	699.80	702.90	704.50	672.15	0.704 times
14 Fri Jun 2024	699.45	619.75	709.00	605.00	0.98 times

Price has moved up 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
10 Wed Jul 2024	512.85	733.45	734.00	479.35	0.401 times
28 Fri Jun 2024	723.05	689.85	743.60	545.00	1.069 times
31 Fri May 2024	635.70	624.20	675.00	589.05	0.773 times
30 Tue Apr 2024	620.15	606.30	669.50	582.50	0.903 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Oil India in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 559.99 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 negative.

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