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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 2024-10-29 View latest technical analysis

10 day averaged volume of Oil India is 4361768

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	479.45	478.00	488.80	472.65	0.49 times
28 Mon Oct 2024	476.05	479.60	491.95	468.20	0.853 times
25 Fri Oct 2024	485.35	513.80	516.00	481.95	0.783 times
24 Thu Oct 2024	510.25	507.00	518.55	503.50	0.616 times
23 Wed Oct 2024	504.95	516.60	523.55	493.05	0.792 times
22 Tue Oct 2024	516.60	530.00	534.65	512.50	0.506 times
21 Mon Oct 2024	529.90	533.40	533.40	521.35	0.534 times
18 Fri Oct 2024	533.40	525.10	546.95	522.75	1.06 times
17 Thu Oct 2024	525.10	528.70	533.50	519.35	0.929 times
16 Wed Oct 2024	527.20	559.40	560.60	518.00	2.89 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 503.9, but if it comes above 503.9, then a intra day buy could be more profitable.
If you take a sell trade below 503.9, then use 503.9 as stoploss and 463 as target. However if you take a buy trade in stock , then use 503.9 as stoploss and 537.93 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	468.20
Downside Target	479.35
Upside Target	491.95
Upside Target	518.00
Upside Target	534.65
Upside Target	568.30
Upside Target	590.00
Upside Target	594.00
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	467.78
Downside Intraday Target	456.12
Upside Intraday Target	491.53
Upside Intraday Target	503.62
Upside Intraday Target	479.87

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	479.45	479.60	491.95	468.20	0.416 times
25 Fri Oct 2024	485.35	533.40	534.65	481.95	0.507 times
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

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
29 Tue Oct 2024	479.45	572.50	594.00	468.20	0.591 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 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 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 513.75 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.