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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 2024-09-10 View latest technical analysis

10 day averaged volume of Oil India is 14130846

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	608.90	641.90	645.00	606.00	0.39 times
09 Mon Sep 2024	634.05	626.10	640.00	606.55	0.57 times
06 Fri Sep 2024	626.95	659.85	665.95	625.50	0.522 times
05 Thu Sep 2024	654.90	688.95	695.35	651.75	0.567 times
04 Wed Sep 2024	682.25	723.90	727.30	677.60	0.541 times
03 Tue Sep 2024	729.85	720.00	734.00	711.05	0.416 times
02 Mon Sep 2024	726.25	725.35	734.70	717.25	0.406 times
30 Fri Aug 2024	741.00	735.00	767.90	721.00	5.621 times
29 Thu Aug 2024	733.90	727.90	745.00	707.45	0.48 times
28 Wed Aug 2024	726.40	722.00	729.90	703.50	0.4 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 605.7, for a target of 649.1 or 685.29

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	545.00
Downside Target	568.30
Downside Target	589.05
Downside Target	606.00
Upside Target	625.50
Upside Target	645.00
Upside Target	670.05
Upside Target	702.30
Upside Target	734.00
Upside Target	734.70
Upside Target	743.60
Upside Target	767.90

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	594.93
Downside Intraday Target	580.97
Upside Intraday Target	633.93
Upside Intraday Target	658.97
Upside Intraday Target	619.97

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	608.90	626.10	645.00	606.00	0.391 times
06 Fri Sep 2024	626.95	725.35	734.70	625.50	0.32 times
30 Fri Aug 2024	741.00	687.00	767.90	686.45	5.222 times
23 Fri Aug 2024	681.75	690.00	702.30	670.05	0.378 times
16 Fri Aug 2024	677.70	642.50	714.30	630.55	0.877 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
10 Tue Sep 2024	608.90	725.35	734.70	606.00	0.175 times
30 Fri Aug 2024	741.00	583.40	767.90	568.30	1.342 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

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

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

Oil India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 713.51 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 positive

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