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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 2024-08-07 View latest technical analysis

10 day averaged volume of Savita Oil is 179212

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	581.85	589.90	593.90	579.00	0.577 times
06 Tue Aug 2024	581.85	584.00	603.75	579.50	1.338 times
05 Mon Aug 2024	574.55	598.05	603.70	570.70	2.042 times
02 Fri Aug 2024	628.75	623.95	633.60	618.75	0.474 times
01 Thu Aug 2024	625.00	627.60	634.85	621.40	0.644 times
31 Wed Jul 2024	621.40	639.00	639.95	620.35	0.573 times
30 Tue Jul 2024	635.70	620.15	639.65	619.90	1.128 times
29 Mon Jul 2024	617.65	639.00	640.00	615.00	1.368 times
26 Fri Jul 2024	601.30	599.50	626.35	597.85	0.904 times
25 Thu Jul 2024	596.55	592.05	608.00	585.80	0.45 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 583.8, but if it comes above 583.8, then a intra day buy could be more profitable.
If you take a sell trade below 583.8, then use 583.8 as stoploss and 559.8 as target. However if you take a buy trade in stock , then use 583.8 as stoploss and 603.8 as target.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	447.00
Downside Target	461.55
Downside Target	472.85
Downside Target	548.25
Downside Target	568.30
Upside Target	590.95
Upside Target	615.00
Upside Target	626.35
Upside Target	630.60
Upside Target	634.85
Upside Target	640.00
Upside Target	655.00

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	567.12
Downside Intraday Target	552.38
Upside Intraday Target	600.17
Upside Intraday Target	618.48
Upside Intraday Target	585.43

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	581.85	598.05	603.75	570.70	0.945 times
02 Fri Aug 2024	628.75	639.00	640.00	615.00	1.236 times
26 Fri Jul 2024	601.30	577.00	626.35	555.50	1.023 times
19 Fri Jul 2024	577.25	614.10	630.60	568.30	0.602 times
12 Fri Jul 2024	613.60	642.95	655.00	607.80	0.293 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
07 Wed Aug 2024	581.85	627.60	634.85	570.70	0.149 times
31 Wed Jul 2024	621.40	559.00	655.00	548.25	1.885 times
28 Fri Jun 2024	557.60	515.55	590.95	447.00	0.526 times
31 Fri May 2024	500.05	580.00	598.50	472.85	0.464 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 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term but selling is losing 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 602.04 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 positive

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