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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 2024-07-31 View latest technical analysis

10 day averaged volume of Oil India is 10967074

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	577.55	588.75	588.75	576.00	0.532 times
30 Tue Jul 2024	583.05	582.35	605.50	575.45	0.881 times
29 Mon Jul 2024	580.40	565.70	592.90	556.70	0.848 times
26 Fri Jul 2024	560.65	575.00	576.90	557.45	0.627 times
25 Thu Jul 2024	566.90	542.00	594.50	538.40	1.988 times
24 Wed Jul 2024	543.50	549.80	560.80	541.40	0.541 times
23 Tue Jul 2024	548.35	563.10	575.80	512.00	1.308 times
22 Mon Jul 2024	555.25	562.00	565.20	546.05	0.815 times
19 Fri Jul 2024	571.10	580.00	580.00	556.65	0.839 times
18 Thu Jul 2024	584.90	622.00	624.70	580.00	1.146 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 597.5 as stoploss in an intra day sell trade for a target of 554.68. However, stock will show a bullish move above 597.5.

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
Downside Target	556.65
Upside Target	582.50
Upside Target	644.50
Upside Target	653.00
Upside Target	669.50
Upside Target	675.00
Upside Target	734.00
Upside Target	743.60

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	554.33
Downside Intraday Target	531.12
Upside Intraday Target	603.13
Upside Intraday Target	628.72
Upside Intraday Target	579.92

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	577.55	565.70	605.50	556.70	0.428 times
26 Fri Jul 2024	560.65	562.00	594.50	512.00	1.191 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

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
31 Wed Jul 2024	577.55	733.45	734.00	479.35	2.382 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 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 Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling 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 567.44 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 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.