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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 2024-09-19 View latest technical analysis

10 day averaged volume of Oil India is 7918761

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	571.45	595.00	602.50	553.85	1.149 times
18 Wed Sep 2024	595.00	626.00	627.00	590.85	0.931 times
17 Tue Sep 2024	615.45	612.05	627.90	597.55	1.168 times
16 Mon Sep 2024	607.60	585.00	609.95	577.70	0.813 times
13 Fri Sep 2024	585.60	578.00	588.00	574.00	0.686 times
12 Thu Sep 2024	578.95	584.00	587.90	565.30	1.192 times
11 Wed Sep 2024	581.70	607.80	608.00	570.00	1.551 times
10 Tue Sep 2024	608.90	641.90	645.00	606.00	0.696 times
09 Mon Sep 2024	634.05	626.10	640.00	606.55	1.017 times
06 Fri Sep 2024	626.95	659.85	665.95	625.50	0.932 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 595.6, but if it comes above 595.6, then a intra day buy could be more profitable.
If you take a sell trade below 595.6, then use 595.6 as stoploss and 524.2 as target. However if you take a buy trade in stock , then use 595.6 as stoploss and 655.14 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	545.00
Downside Target	565.30
Upside Target	589.05
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	540.9
Downside Intraday Target	510.35
Upside Intraday Target	614.95
Upside Intraday Target	658.45
Upside Intraday Target	584.4

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	571.45	585.00	627.90	553.85	0.79 times
13 Fri Sep 2024	585.60	626.10	645.00	565.30	1.175 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

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
19 Thu Sep 2024	571.45	725.35	734.70	553.85	0.391 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Oil India ( (OIL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 gaining momentum.

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

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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 598.95 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 negative.

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