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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 2024-11-01 View latest technical analysis

10 day averaged volume of Oil India is 2893821

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	473.00	471.70	478.25	469.00	0.145 times
31 Thu Oct 2024	471.75	474.00	477.90	462.55	0.861 times
30 Wed Oct 2024	471.20	482.70	487.95	468.60	0.645 times
29 Tue Oct 2024	479.45	478.00	488.80	472.65	0.738 times
28 Mon Oct 2024	476.05	479.60	491.95	468.20	1.286 times
25 Fri Oct 2024	485.35	513.80	516.00	481.95	1.181 times
24 Thu Oct 2024	510.25	507.00	518.55	503.50	0.929 times
23 Wed Oct 2024	504.95	516.60	523.55	493.05	1.193 times
22 Tue Oct 2024	516.60	530.00	534.65	512.50	0.762 times
21 Mon Oct 2024	529.90	533.40	533.40	521.35	0.806 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 485.6, but if it comes above 485.6, then a intra day buy could be more profitable.
If you take a sell trade below 485.6, then use 485.6 as stoploss and 438.7 as target. However if you take a buy trade in stock , then use 485.6 as stoploss and 524.72 as target.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	462.55
Upside Target	491.95
Upside Target	518.00
Upside Target	534.65
Upside Target	553.85
Upside Target	568.30
Upside Target	590.00
Upside Target	590.95
Upside Target	594.00
Upside Target	734.00
Upside Target	734.70
Upside Target	767.90

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	459.72
Downside Intraday Target	446.43
Upside Intraday Target	489.12
Upside Intraday Target	505.23
Upside Intraday Target	475.83

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	473.00	479.60	491.95	462.55	0.754 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
01 Fri Nov 2024	473.00	471.70	478.25	469.00	0.005 times
31 Thu Oct 2024	471.75	572.50	594.00	462.55	0.621 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

Scroll below to view daily charts

Price has moved up 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 weakening, and bulls are picking up momentum!

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

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 493.22 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.