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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 2024-10-18 View latest technical analysis

10 day averaged volume of Oil India is 5128953

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	533.40	525.10	546.95	522.75	0.902 times
17 Thu Oct 2024	525.10	528.70	533.50	519.35	0.79 times
16 Wed Oct 2024	527.20	559.40	560.60	518.00	2.458 times
15 Tue Oct 2024	559.45	584.75	584.75	552.10	0.88 times
14 Mon Oct 2024	586.30	588.00	590.95	573.20	0.387 times
11 Fri Oct 2024	584.55	575.00	589.00	571.10	0.362 times
10 Thu Oct 2024	572.50	580.00	594.00	570.20	0.636 times
09 Wed Oct 2024	574.35	563.00	577.00	558.05	0.659 times
08 Tue Oct 2024	565.60	549.45	567.75	540.90	0.743 times
07 Mon Oct 2024	547.35	570.00	575.00	542.30	0.863 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 545.1, but if it comes above 545.1, then a intra day buy could be more profitable.
If you take a sell trade below 545.1, then use 545.1 as stoploss and 521 as target. However if you take a buy trade in stock , then use 545.1 as stoploss and 565.19 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	518.00
Upside Target	534.90
Upside Target	568.30
Upside Target	590.00
Upside Target	594.00
Upside Target	605.00
Upside Target	627.90
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	503.95
Downside Intraday Target	474.5
Upside Intraday Target	576.9
Upside Intraday Target	620.4
Upside Intraday Target	547.45

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	533.40	588.00	590.95	518.00	1.661 times
11 Fri Oct 2024	584.55	570.00	594.00	540.90	0.687 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Oil India (OIL)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	533.40	572.50	594.00	518.00	0.453 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 moving up

CCI has generated a buy signal for Oil India in short term but BUY signal is weak.

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 548.14 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.