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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 2024-10-03 View latest technical analysis

10 day averaged volume of Oil India is 5568254

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	538.80	574.40	577.00	534.90	1.381 times
01 Tue Oct 2024	568.75	572.50	583.90	567.90	0.352 times
30 Mon Sep 2024	580.65	586.95	590.00	573.30	0.596 times
27 Fri Sep 2024	586.75	564.00	595.00	558.00	1.052 times
26 Thu Sep 2024	564.20	579.75	579.75	554.80	0.99 times
25 Wed Sep 2024	578.70	594.95	605.00	577.00	0.765 times
24 Tue Sep 2024	592.60	587.00	594.90	581.00	0.682 times
23 Mon Sep 2024	582.05	565.00	586.50	557.15	0.899 times
20 Fri Sep 2024	562.80	580.00	582.50	560.00	1.706 times
19 Thu Sep 2024	571.45	595.00	602.50	553.85	1.633 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 532.2, for a target of 564.2 or 590.79

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	534.90
Upside Target	583.90
Upside Target	605.00
Upside Target	625.50
Upside Target	627.90
Upside Target	645.00
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	519.13
Downside Intraday Target	499.47
Upside Intraday Target	574.23
Upside Intraday Target	609.67
Upside Intraday Target	554.57

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	538.80	586.95	590.00	534.90	0.531 times
27 Fri Sep 2024	586.75	565.00	605.00	554.80	0.586 times
20 Fri Sep 2024	562.80	585.00	627.90	553.85	1.023 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

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
03 Thu Oct 2024	538.80	572.50	583.90	534.90	0.067 times
30 Mon Sep 2024	580.65	725.35	734.70	553.85	0.526 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Oil India ( (OIL) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Oil India ( (OIL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 569.77 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.