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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 2024-07-23 View latest technical analysis

10 day averaged volume of Oil India is 10708363

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	548.35	563.10	575.80	512.00	1.339 times
22 Mon Jul 2024	555.25	562.00	565.20	546.05	0.835 times
19 Fri Jul 2024	571.10	580.00	580.00	556.65	0.859 times
18 Thu Jul 2024	584.90	622.00	624.70	580.00	1.174 times
16 Tue Jul 2024	618.50	640.00	640.00	615.00	1.032 times
15 Mon Jul 2024	638.70	598.00	644.50	592.10	1.474 times
12 Fri Jul 2024	614.45	572.00	653.00	562.00	2.707 times
11 Thu Jul 2024	551.00	514.70	583.45	513.50	0.962 times
10 Wed Jul 2024	512.85	512.80	515.00	494.05	0.235 times
09 Tue Jul 2024	509.15	507.95	515.50	504.85	0.22 times

My analysis of stock is bearish for shortterm, and stock might move down till 502.1 or till 402.1. Use a stoploss of 585.46 and if the stock hits stoploss, then it can shoot up till 668.8

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	490.05
Downside Target	512.00
Downside Target	545.00
Upside Target	556.65
Upside Target	575.80
Upside Target	644.50
Upside Target	669.50
Upside Target	675.00
Upside Target	691.60
Upside Target	734.00
Upside Target	743.60

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	514.97
Downside Intraday Target	481.58
Upside Intraday Target	578.77
Upside Intraday Target	609.18
Downside Intraday Target	545.38

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	548.35	562.00	575.80	512.00	0.479 times
19 Fri Jul 2024	571.10	598.00	644.50	556.65	0.981 times
12 Fri Jul 2024	614.45	492.90	653.00	490.05	2.041 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

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
23 Tue Jul 2024	548.35	733.45	734.00	479.35	1.692 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, and volume has increased substantially. This means that the move can 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 BUY signal for Oil India in short term but the buy signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 but selling is losing 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 588.8 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 is giving positive 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.