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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 2024-10-09 View latest technical analysis

10 day averaged volume of Oil India is 5202674

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	574.35	563.00	577.00	558.05	0.65 times
08 Tue Oct 2024	565.60	549.45	567.75	540.90	0.732 times
07 Mon Oct 2024	547.35	570.00	575.00	542.30	0.851 times
04 Fri Oct 2024	572.75	544.15	578.00	543.90	2.191 times
03 Thu Oct 2024	538.80	574.40	577.00	534.90	1.478 times
01 Tue Oct 2024	568.75	572.50	583.90	567.90	0.377 times
30 Mon Sep 2024	580.65	586.95	590.00	573.30	0.638 times
27 Fri Sep 2024	586.75	564.00	595.00	558.00	1.125 times
26 Thu Sep 2024	564.20	579.75	579.75	554.80	1.06 times
25 Wed Sep 2024	578.70	594.95	605.00	577.00	0.819 times

My analysis of stock is bearish for shortterm, and stock might move down till 560 or till 538.9. Use a stoploss of 577.56 and if the stock hits stoploss, then it can shoot up till 595.12

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	551.17
Downside Intraday Target	527.98
Upside Intraday Target	587.27
Upside Intraday Target	600.18
Downside Intraday Target	564.08

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	574.35	570.00	577.00	540.90	0.477 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 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 Wed Oct 2024	574.35	572.50	583.90	534.90	0.226 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

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

Oil India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 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 566.61 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 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.