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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 4243728

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Dec 2023	316.55	322.00	324.00	314.70	0.667 times
06 Wed Dec 2023	319.90	326.10	330.75	318.05	0.886 times
05 Tue Dec 2023	324.35	332.20	334.80	322.60	1.19 times
04 Mon Dec 2023	328.20	315.50	335.50	308.60	3.125 times
01 Fri Dec 2023	309.90	308.00	314.50	305.50	0.517 times
30 Thu Nov 2023	305.20	312.00	313.40	298.90	2.264 times
29 Wed Nov 2023	310.60	299.00	311.95	297.75	0.534 times
28 Tue Nov 2023	298.95	300.90	303.85	293.20	0.448 times
24 Fri Nov 2023	298.90	299.25	302.10	295.25	0.348 times
23 Thu Nov 2023	299.25	302.95	304.30	297.35	0.426 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 319.4 as stoploss in an intra day sell trade for a target of 310.97. However, stock will show a bullish move above 319.4.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	261.55
Downside Target	270.50
Downside Target	289.40
Downside Target	305.45
Downside Target	314.50
Upside Target	317.60
Upside Target	325.15
Upside Target	328.30
Upside Target	335.50
Upside Target	339.40

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	304.93
Downside Intraday Target	293.32
Upside Intraday Target	331.83
Upside Intraday Target	347.12
Upside Intraday Target	320.22

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Dec 2023	316.55	315.50	335.50	308.60	1.56 times
01 Fri Dec 2023	309.90	300.90	314.50	293.20	2.376 times
24 Fri Nov 2023	298.90	317.90	328.30	295.25	0.999 times
17 Fri Nov 2023	315.25	307.95	325.15	306.30	0.53 times
10 Fri Nov 2023	305.75	305.00	317.60	297.30	2.236 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
07 Thu Dec 2023	316.55	308.00	335.50	305.50	0.618 times
30 Thu Nov 2023	305.20	299.00	328.30	293.20	0.703 times
31 Tue Oct 2023	298.85	295.00	339.40	289.40	1.299 times
29 Fri Sep 2023	298.85	273.10	305.45	270.50	2.498 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Oil India in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Stock of Oil India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 316.06 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 positive

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