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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 2024-09-18 View latest technical analysis

10 day averaged volume of Savita Oil is 67492

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	574.60	583.85	587.45	571.00	0.527 times
17 Tue Sep 2024	583.85	580.95	594.55	580.95	0.935 times
16 Mon Sep 2024	580.95	583.10	587.95	577.00	0.582 times
13 Fri Sep 2024	583.10	579.00	589.00	577.05	1.178 times
12 Thu Sep 2024	576.95	583.00	585.95	575.30	0.684 times
11 Wed Sep 2024	579.90	582.00	587.00	576.00	0.472 times
10 Tue Sep 2024	581.95	580.95	588.50	573.35	0.754 times
09 Mon Sep 2024	579.00	582.00	592.50	575.45	0.801 times
06 Fri Sep 2024	584.70	590.00	591.90	578.80	1.016 times
05 Thu Sep 2024	587.50	600.00	605.00	585.10	1.958 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 580.3, but if it comes above 580.3, then a intra day buy could be more profitable.
If you take a sell trade below 580.3, then use 580.3 as stoploss and 564.5 as target. However if you take a buy trade in stock , then use 580.3 as stoploss and 593.39 as target.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	447.00
Downside Target	472.85
Downside Target	548.25
Downside Target	570.70
Upside Target	594.55
Upside Target	598.50
Upside Target	612.95
Upside Target	621.45
Upside Target	633.90
Upside Target	634.85
Upside Target	655.00

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	565.55
Downside Intraday Target	556.5
Upside Intraday Target	589.1
Upside Intraday Target	603.6
Upside Intraday Target	580.05

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	574.60	583.10	594.55	571.00	0.526 times
13 Fri Sep 2024	583.10	582.00	592.50	573.35	0.597 times
06 Fri Sep 2024	584.70	612.75	621.45	578.80	0.615 times
30 Fri Aug 2024	608.80	610.00	633.90	590.00	1.709 times
23 Fri Aug 2024	602.55	577.85	612.95	577.15	0.935 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
18 Wed Sep 2024	574.60	612.75	621.45	571.00	0.32 times
30 Fri Aug 2024	608.80	627.60	634.85	570.70	0.43 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

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

ADX buy sell signal for Savita Oil stock for short term is SELL. Signal strength is Weak and stock is gaining 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 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 582.58 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.