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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 2024-10-07 View latest technical analysis

10 day averaged volume of Oil India is 5829579

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	547.35	570.00	575.00	542.30	0.759 times
04 Fri Oct 2024	572.75	544.15	578.00	543.90	1.955 times
03 Thu Oct 2024	538.80	574.40	577.00	534.90	1.319 times
01 Tue Oct 2024	568.75	572.50	583.90	567.90	0.336 times
30 Mon Sep 2024	580.65	586.95	590.00	573.30	0.569 times
27 Fri Sep 2024	586.75	564.00	595.00	558.00	1.004 times
26 Thu Sep 2024	564.20	579.75	579.75	554.80	0.946 times
25 Wed Sep 2024	578.70	594.95	605.00	577.00	0.731 times
24 Tue Sep 2024	592.60	587.00	594.90	581.00	0.651 times
23 Mon Sep 2024	582.05	565.00	586.50	557.15	0.859 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 560.7, but if it comes above 560.7, then a intra day buy could be more profitable.
If you take a sell trade below 560.7, then use 560.7 as stoploss and 534.4 as target. However if you take a buy trade in stock , then use 560.7 as stoploss and 582.71 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	534.90
Upside Target	583.90
Upside Target	590.00
Upside Target	605.00
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	534.77
Downside Intraday Target	522.18
Upside Intraday Target	567.47
Upside Intraday Target	587.58
Upside Intraday Target	554.88

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	547.35	570.00	575.00	542.30	0.182 times
04 Fri Oct 2024	572.75	586.95	590.00	534.90	0.997 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

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
07 Mon Oct 2024	547.35	572.50	583.90	534.90	0.176 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 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 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 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 569.5 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.