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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 2024-11-08 View latest technical analysis

10 day averaged volume of Oil India is 3043776

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	508.55	524.55	524.55	501.80	0.828 times
07 Thu Nov 2024	524.55	528.55	535.85	513.15	1.158 times
06 Wed Nov 2024	525.10	503.00	531.20	495.30	1.968 times
05 Tue Nov 2024	495.60	470.00	498.50	467.15	1.274 times
04 Mon Nov 2024	472.30	473.65	476.60	459.05	0.984 times
01 Fri Nov 2024	473.00	471.70	478.25	469.00	0.137 times
31 Thu Oct 2024	471.75	474.00	477.90	462.55	0.819 times
30 Wed Oct 2024	471.20	482.70	487.95	468.60	0.613 times
29 Tue Oct 2024	479.45	478.00	488.80	472.65	0.702 times
28 Mon Oct 2024	476.05	479.60	491.95	468.20	1.223 times

My analysis of stock is bearish for shortterm, and stock might move down till 478.1 or till 441.2. Use a stoploss of 508.8 and if the stock hits stoploss, then it can shoot up till 539.52

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	459.05
Downside Target	479.35
Downside Target	491.95
Upside Target	518.00
Upside Target	534.65
Upside Target	553.85
Upside Target	568.30
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	466.45
Downside Intraday Target	424.35
Upside Intraday Target	543.25
Upside Intraday Target	577.95
Downside Intraday Target	501.15

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	508.55	473.65	535.85	459.05	1.778 times
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

Price has moved up 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
08 Fri Nov 2024	508.55	471.70	535.85	459.05	0.215 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 496.27 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 rising upwards.

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 is giving positive 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.