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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.

10 day averaged volume of Oil India is 6619122

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	603.15	623.00	629.90	600.05	0.714 times
16 Tue Apr 2024	622.95	614.90	634.90	611.10	0.713 times
15 Mon Apr 2024	621.85	611.05	636.45	595.50	1.4 times
12 Fri Apr 2024	611.05	632.00	637.75	607.80	1.037 times
10 Wed Apr 2024	631.90	631.80	648.00	626.50	1.17 times
09 Tue Apr 2024	629.75	628.10	636.15	618.60	0.339 times
08 Mon Apr 2024	624.60	634.50	644.00	618.50	0.613 times
05 Fri Apr 2024	628.40	624.85	648.60	622.20	0.783 times
04 Thu Apr 2024	621.75	639.00	641.60	613.35	0.859 times
03 Wed Apr 2024	635.65	630.10	669.50	625.10	2.028 times

My analysis of stock is bearish for shortterm, and stock might move down till 577.7 or till 545.4. Use a stoploss of 604.57 and if the stock hits stoploss, then it can shoot up till 631.47

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	305.50
Downside Target	362.40
Downside Target	406.40
Downside Target	423.05
Downside Target	443.35
Downside Target	513.00
Downside Target	533.35
Downside Target	578.75
Downside Target	595.50
Upside Target	629.80
Upside Target	636.45
Upside Target	647.00
Upside Target	648.00
Upside Target	669.50

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	586.95
Downside Intraday Target	570.75
Upside Intraday Target	627.9
Upside Intraday Target	652.65
Upside Intraday Target	611.7

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	603.15	611.05	636.45	595.50	0.895 times
12 Fri Apr 2024	611.05	634.50	648.00	607.80	0.588 times
05 Fri Apr 2024	628.40	606.30	669.50	582.50	2.39 times
28 Thu Mar 2024	600.25	584.40	629.80	578.75	0.781 times
22 Fri Mar 2024	581.75	548.50	596.60	533.35	0.519 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
18 Thu Apr 2024	603.15	606.30	669.50	582.50	0.652 times
28 Thu Mar 2024	600.25	554.35	647.00	513.00	0.607 times
29 Thu Feb 2024	546.55	427.90	630.00	423.05	2.014 times
31 Wed Jan 2024	426.50	373.50	443.35	362.40	0.63 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 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 mid to longer 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.

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 SELL signal for Oil India in short term but the sell signal is initial and weak.

Oil India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Oil India in short term and SELL signal is strong!

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 624.48 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.