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(SOTL) Savita Oil complete technical analysis [charts+indicators] | Buy/Sell Savita Oil | (SOTL) share price targets

Complete technical analysis of Savita Oil (SOTL) by charts plus indicators, forecast predictions and share price targets for Savita Oil (SOTL)

Savita Oil trades in NSE in Refineries sector.

Showing technical analysis as on 2024-01-04 View latest technical analysis

10 day averaged volume of Savita Oil is 216601

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	364.00	370.00	372.90	363.00	0.675 times
03 Wed Jan 2024	369.50	348.20	378.00	348.20	3.144 times
02 Tue Jan 2024	349.10	353.00	353.55	345.40	0.215 times
01 Mon Jan 2024	351.15	352.05	355.95	346.10	0.484 times
29 Fri Dec 2023	352.05	354.60	358.80	350.10	0.471 times
28 Thu Dec 2023	352.85	362.90	363.00	349.00	0.705 times
27 Wed Dec 2023	360.10	366.00	369.95	359.05	1.029 times
26 Tue Dec 2023	363.95	353.40	368.70	348.55	1.19 times
22 Fri Dec 2023	353.40	341.00	359.00	339.05	1.422 times
21 Thu Dec 2023	340.40	329.00	347.80	322.60	0.829 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 358.3, but if it comes below 358.3, then a intra day sell could be more profitable.
If you take a sell trade below 358.3, then use 358.3 as stoploss and 345.27 as target. However if you take a buy trade in stock , then use 358.3 as stoploss and 374 as target.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	313.00
Downside Target	343.95
Downside Target	351.00
Downside Target	359.00
Downside Target	362.70
Upside Target	368.00
Upside Target	369.95
Upside Target	378.00
Upside Target	389.00

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	346.93
Downside Intraday Target	329.87
Upside Intraday Target	379.53
Upside Intraday Target	395.07
Downside Intraday Target	362.47

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	364.00	352.05	378.00	345.40	1.331 times
29 Fri Dec 2023	352.05	353.40	369.95	348.55	0.932 times
22 Fri Dec 2023	353.40	353.45	359.00	322.60	0.755 times
15 Fri Dec 2023	352.65	330.00	362.70	322.95	2.397 times
08 Fri Dec 2023	332.75	342.00	343.95	326.75	0.787 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 Savita Oil (SOTL)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	364.00	352.05	378.00	345.40	0.297 times
29 Fri Dec 2023	352.05	325.40	369.95	322.05	1.644 times
30 Thu Nov 2023	323.40	362.80	368.00	315.00	0.387 times
31 Tue Oct 2023	363.70	328.00	389.00	313.00	1.914 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 Savita Oil (SOTL)

Price action analysis of Savita Oil ( (SOTL) ) based on a short 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 Savita Oil ( (SOTL) ) 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 Savita Oil ( (SOTL) ) 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 Savita Oil ( (SOTL) ) 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 Savita Oil stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Savita Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Savita Oil in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Savita Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 359.64 and Savita Oil (SOTL) 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 Savita Oil (SOTL) stock. Volume based technical analysis of Savita Oil (SOTL) stock is negative.

Savita Oil 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.