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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 4766700

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	612.50	604.00	620.50	602.05	0.731 times
24 Wed Apr 2024	608.35	594.00	613.80	589.00	0.668 times
23 Tue Apr 2024	590.75	601.00	602.55	588.65	0.479 times
22 Mon Apr 2024	596.80	606.00	616.50	595.00	0.522 times
19 Fri Apr 2024	599.85	604.00	616.90	596.05	0.87 times
18 Thu Apr 2024	603.15	623.00	629.90	600.05	0.992 times
16 Tue Apr 2024	622.95	614.90	634.90	611.10	0.991 times
15 Mon Apr 2024	621.85	611.05	636.45	595.50	1.944 times
12 Fri Apr 2024	611.05	632.00	637.75	607.80	1.44 times
10 Wed Apr 2024	631.90	631.80	648.00	626.50	1.625 times

My analysis of stock is bearish for shortterm, and stock might move down till 599.5 or till 582.6. Use a stoploss of 613.55 and if the stock hits stoploss, then it can shoot up till 627.63

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	578.75
Downside Target	607.80
Upside Target	620.50
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	593.93
Downside Intraday Target	575.37
Upside Intraday Target	625.78
Upside Intraday Target	639.07
Downside Intraday Target	607.22

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	612.50	606.00	620.50	588.65	0.5 times
19 Fri Apr 2024	599.85	611.05	636.45	595.50	1.094 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

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
25 Thu Apr 2024	612.50	606.30	669.50	582.50	0.787 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 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 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 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 Weak and stock is gaining momentum.

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

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 green color and prices are in or below the green cloud Prices appear to be moving up

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 but buying is losing 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 614.09 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 negative.

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