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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 2024-06-03 View latest technical analysis

10 day averaged volume of Savita Oil is 132301

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	493.40	515.55	515.55	490.00	1.288 times
31 Fri May 2024	500.05	503.00	509.00	494.70	0.588 times
30 Thu May 2024	498.05	507.00	512.70	495.35	0.594 times
29 Wed May 2024	507.60	496.00	515.50	494.45	1.053 times
28 Tue May 2024	496.65	503.00	510.00	495.15	1.138 times
27 Mon May 2024	502.70	514.70	516.45	500.10	0.818 times
24 Fri May 2024	509.05	507.95	527.30	507.05	1.992 times
23 Thu May 2024	507.70	514.00	516.35	505.65	0.955 times
22 Wed May 2024	513.60	507.85	516.30	502.10	1.24 times
21 Tue May 2024	506.85	508.70	518.00	502.75	1.414 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 492.2 as stoploss in an intra day buy trade for a target of 519.66. However, stock will show a bearish move below 492.2.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	383.60
Downside Target	461.55
Downside Target	472.85
Upside Target	515.55
Upside Target	516.45
Upside Target	527.30
Upside Target	534.45
Upside Target	545.50
Upside Target	598.50
Upside Target	614.90

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	483.75
Downside Intraday Target	474.1
Upside Intraday Target	509.3
Upside Intraday Target	525.2
Upside Intraday Target	499.65

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	493.40	515.55	515.55	490.00	0.307 times
31 Fri May 2024	500.05	514.70	516.45	494.45	0.748 times
24 Fri May 2024	509.05	508.70	527.30	502.10	0.276 times
18 Sat May 2024	516.45	500.00	534.45	472.85	1.467 times
10 Fri May 2024	559.60	571.00	598.50	545.50	2.228 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 Savita Oil (SOTL)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	493.40	515.55	515.55	490.00	0.028 times
31 Fri May 2024	500.05	580.00	598.50	472.85	0.464 times
30 Tue Apr 2024	579.80	465.20	614.90	461.55	2.189 times
28 Thu Mar 2024	458.80	434.90	478.10	390.05	0.514 times

Scroll below to view daily charts

Price has moved down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

Savita Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 504.4 and Savita Oil (SOTL) 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 Savita Oil (SOTL) stock. Volume based technical analysis of Savita Oil (SOTL) stock is negative.

Savita Oil 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.