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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 2024-11-21 View latest technical analysis

10 day averaged volume of Oil India is 2489613

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	486.05	480.00	488.25	475.10	0.486 times
19 Tue Nov 2024	485.45	477.30	491.45	477.00	0.51 times
18 Mon Nov 2024	472.45	475.45	481.85	464.00	0.401 times
14 Thu Nov 2024	475.45	476.00	482.60	464.35	0.849 times
13 Wed Nov 2024	480.85	494.40	501.40	475.00	0.903 times
12 Tue Nov 2024	496.65	506.50	511.85	492.70	0.463 times
11 Mon Nov 2024	506.50	505.00	510.85	492.90	0.481 times
08 Fri Nov 2024	508.55	524.55	524.55	501.80	1.013 times
07 Thu Nov 2024	524.55	528.55	535.85	513.15	1.415 times
06 Wed Nov 2024	525.10	503.00	531.20	495.30	2.406 times

My analysis of stock is bearish for shortterm, and stock might move down till 472.7 or till 452. Use a stoploss of 490.08 and if the stock hits stoploss, then it can shoot up till 507.41

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	459.05
Downside Target	479.35
Upside Target	511.85
Upside Target	534.65
Upside Target	535.85
Upside Target	553.85
Upside Target	568.30
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	469.55
Downside Intraday Target	453.05
Upside Intraday Target	497
Upside Intraday Target	507.95
Downside Intraday Target	480.5

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	486.05	475.45	491.45	464.00	0.518 times
14 Thu Nov 2024	475.45	505.00	511.85	464.35	0.355 times
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

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
21 Thu Nov 2024	486.05	471.70	535.85	459.05	0.328 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 SELL signal for Oil India in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 504.7 and Oil India (OIL) stock is trading below this level. This means that stock is falling with high volumes. 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 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.