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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 2024-08-05 View latest technical analysis

10 day averaged volume of Oil India is 11140952

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	575.65	590.90	597.80	568.30	0.62 times
02 Fri Aug 2024	606.00	595.95	614.90	590.00	0.901 times
01 Thu Aug 2024	599.05	583.40	615.00	582.00	1.677 times
31 Wed Jul 2024	577.55	588.75	588.75	576.00	0.524 times
30 Tue Jul 2024	583.05	582.35	605.50	575.45	0.867 times
29 Mon Jul 2024	580.40	565.70	592.90	556.70	0.834 times
26 Fri Jul 2024	560.65	575.00	576.90	557.45	0.617 times
25 Thu Jul 2024	566.90	542.00	594.50	538.40	1.957 times
24 Wed Jul 2024	543.50	549.80	560.80	541.40	0.533 times
23 Tue Jul 2024	548.35	563.10	575.80	512.00	1.287 times

My analysis of stock is bullish for shortterm, and stock might move up till 605.5 or till 648.4. Use a stoploss of 569.85 and if this stock hits its stoploss, then it can fall down till 534.15

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
Downside Target	568.30
Upside Target	582.50
Upside Target	615.00
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	563.37
Downside Intraday Target	551.08
Upside Intraday Target	592.87
Upside Intraday Target	610.08
Upside Intraday Target	580.58

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	575.65	590.90	597.80	568.30	0.129 times
02 Fri Aug 2024	606.00	565.70	615.00	556.70	0.924 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

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
05 Mon Aug 2024	575.65	583.40	615.00	568.30	0.174 times
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

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

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

Oil India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.

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 575.58 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 negative.

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