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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 2024-01-22 View latest technical analysis

10 day averaged volume of Savita Oil is 122211

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	357.85	355.80	364.20	352.65	0.54 times
19 Fri Jan 2024	354.05	360.00	363.00	352.50	0.768 times
18 Thu Jan 2024	358.25	357.30	362.40	352.20	0.597 times
17 Wed Jan 2024	357.30	364.00	364.40	355.00	0.538 times
16 Tue Jan 2024	365.15	373.90	373.90	360.30	0.578 times
15 Mon Jan 2024	368.50	372.35	378.00	367.00	0.574 times
12 Fri Jan 2024	374.30	372.50	377.90	370.55	1.412 times
11 Thu Jan 2024	372.05	373.50	379.70	368.85	1.965 times
10 Wed Jan 2024	372.70	361.00	376.00	357.80	1.589 times
09 Tue Jan 2024	362.35	352.80	372.00	350.35	1.326 times

My analysis of stock is bearish for shortterm, and stock might move down till 353.1 or till 343.9. Use a stoploss of 360.74 and if the stock hits stoploss, then it can shoot up till 368.39

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	313.00
Downside Target	345.40
Upside Target	364.20
Upside Target	368.00
Upside Target	369.95
Upside Target	378.00
Upside Target	379.70
Upside Target	389.00

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	352.27
Downside Intraday Target	346.68
Upside Intraday Target	363.82
Upside Intraday Target	369.78
Upside Intraday Target	358.23

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	357.85	355.80	364.20	352.65	0.177 times
19 Fri Jan 2024	354.05	372.35	378.00	352.20	0.44 times
12 Fri Jan 2024	374.30	359.05	379.70	350.00	0.782 times
05 Fri Jan 2024	358.50	352.05	378.00	345.40	1.476 times
29 Fri Dec 2023	352.05	353.40	369.95	348.55	0.932 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
22 Mon Jan 2024	357.85	352.05	379.70	345.40	0.721 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 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 Savita Oil ( (SOTL) ) 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 Savita Oil ( (SOTL) ) 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 Savita Oil stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Savita Oil 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 Savita Oil 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

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 366.76 and Savita Oil (SOTL) stock is trading below this level. This means that stock is falling with high volumes. 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.