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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 2024-12-04 View latest technical analysis

10 day averaged volume of Oil India is 2410340

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	489.10	493.00	502.95	487.05	1.232 times
03 Tue Dec 2024	490.30	484.80	492.55	482.00	0.866 times
02 Mon Dec 2024	479.35	485.20	493.25	478.00	1.657 times
29 Fri Nov 2024	490.60	495.10	503.75	488.30	1.541 times
28 Thu Nov 2024	504.75	500.55	511.45	493.10	1.053 times
27 Wed Nov 2024	505.00	507.00	507.50	490.00	0.708 times
26 Tue Nov 2024	504.30	519.50	524.50	502.00	0.601 times
25 Mon Nov 2024	518.75	518.45	529.00	510.05	1.734 times
22 Fri Nov 2024	507.15	487.50	509.55	487.50	0.812 times
21 Thu Nov 2024	486.05	480.00	488.25	475.10	0.502 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 482.2 as stoploss in an intra day buy trade for a target of 497.33. However, stock will show a bearish move below 482.2.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	459.05
Downside Target	478.00
Downside Target	488.30
Upside Target	502.95
Upside Target	529.00
Upside Target	535.85
Upside Target	553.85
Upside Target	568.30
Upside Target	594.00
Upside Target	734.70
Upside Target	767.90

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	477.08
Downside Intraday Target	465.07
Upside Intraday Target	502.03
Upside Intraday Target	514.97
Upside Intraday Target	490.02

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	489.10	485.20	502.95	478.00	0.666 times
29 Fri Nov 2024	490.60	518.45	529.00	488.30	2.499 times
22 Fri Nov 2024	507.15	475.45	509.55	464.00	0.81 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

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
04 Wed Dec 2024	489.10	485.20	502.95	478.00	0.201 times
29 Fri Nov 2024	490.60	471.70	535.85	459.05	0.501 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

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 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 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 BUY. 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 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 497.38 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 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.