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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 2024-08-09 View latest technical analysis

10 day averaged volume of Oil India is 10312095

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	643.95	619.00	655.90	611.20	1.926 times
08 Thu Aug 2024	612.85	617.80	618.50	597.25	0.693 times
07 Wed Aug 2024	617.80	590.00	624.90	585.60	2.257 times
06 Tue Aug 2024	571.30	574.00	591.50	570.10	0.525 times
05 Mon Aug 2024	575.65	590.90	597.80	568.30	0.67 times
02 Fri Aug 2024	606.00	595.95	614.90	590.00	0.973 times
01 Thu Aug 2024	599.05	583.40	615.00	582.00	1.812 times
31 Wed Jul 2024	577.55	588.75	588.75	576.00	0.566 times
30 Tue Jul 2024	583.05	582.35	605.50	575.45	0.936 times
29 Mon Jul 2024	580.40	565.70	592.90	556.70	0.901 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 650.8, for a target of 616.8 or 588.5

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
Downside Target	568.30
Downside Target	582.50
Downside Target	615.00
Upside Target	644.50
Upside Target	655.90
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	589.53
Downside Intraday Target	535.12
Upside Intraday Target	677.13
Upside Intraday Target	710.32
Downside Intraday Target	622.72

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	643.95	590.90	655.90	568.30	1.17 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 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
09 Fri Aug 2024	643.95	583.40	655.90	568.30	0.445 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 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 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 gaining momentum.

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

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

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Oil India in short term and BUY signal is strong.

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 605.35 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.