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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 2024-06-20 View latest technical analysis

10 day averaged volume of Savita Oil is 119881

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	537.85	536.00	549.00	529.55	1.085 times
19 Wed Jun 2024	533.75	529.05	538.20	520.00	1.442 times
18 Tue Jun 2024	524.90	528.40	536.50	516.25	1.104 times
14 Fri Jun 2024	524.20	515.00	526.50	509.25	1.082 times
13 Thu Jun 2024	514.30	515.00	519.85	510.30	0.626 times
12 Wed Jun 2024	512.80	516.00	526.25	510.20	0.685 times
11 Tue Jun 2024	522.25	520.75	529.40	516.05	1.329 times
10 Mon Jun 2024	514.35	511.90	520.75	501.85	1.036 times
07 Fri Jun 2024	504.80	492.85	509.70	492.20	0.994 times
06 Thu Jun 2024	492.20	489.95	497.95	487.10	0.734 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 524.8, but if it comes below 524.8, then a intra day sell could be more profitable.
If you take a sell trade below 524.8, then use 524.8 as stoploss and 506.72 as target. However if you take a buy trade in stock , then use 524.8 as stoploss and 546.6 as target.

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
Downside Target	515.55
Downside Target	516.45
Downside Target	527.30
Downside Target	529.40
Upside Target	549.00
Upside Target	598.50
Upside Target	614.90

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	519.73
Downside Intraday Target	501.62
Upside Intraday Target	552.48
Upside Intraday Target	567.12
Downside Intraday Target	534.37

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	537.85	528.40	549.00	516.25	0.763 times
14 Fri Jun 2024	524.20	511.90	529.40	501.85	0.74 times
07 Fri Jun 2024	504.80	515.55	515.55	447.00	1.391 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

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
20 Thu Jun 2024	537.85	515.55	549.00	447.00	0.288 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 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 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 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 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

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 520.22 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 negative.

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