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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 2024-06-06 View latest technical analysis

10 day averaged volume of Savita Oil is 150826

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	492.20	489.95	497.95	487.10	0.583 times
05 Wed Jun 2024	481.80	463.35	487.45	448.75	0.768 times
04 Tue Jun 2024	455.95	496.00	501.05	447.00	1.841 times
03 Mon Jun 2024	493.40	515.55	515.55	490.00	1.129 times
31 Fri May 2024	500.05	503.00	509.00	494.70	0.516 times
30 Thu May 2024	498.05	507.00	512.70	495.35	0.521 times
29 Wed May 2024	507.60	496.00	515.50	494.45	0.924 times
28 Tue May 2024	496.65	503.00	510.00	495.15	0.998 times
27 Mon May 2024	502.70	514.70	516.45	500.10	0.718 times
24 Fri May 2024	509.05	507.95	527.30	507.05	1.747 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 486.1 as stoploss in an intra day buy trade for a target of 504.69. However, stock will show a bearish move below 486.1.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	383.60
Downside Target	447.00
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	454.28
Downside Intraday Target	416.37
Upside Intraday Target	522.83
Upside Intraday Target	553.47
Downside Intraday Target	484.92

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	492.20	515.55	515.55	447.00	1.176 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
06 Thu Jun 2024	492.20	515.55	515.55	447.00	0.106 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 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 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 Strong and stock is losing momentum.

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

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

Savita Oil 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 491.11 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 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.