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(OIL) Oil India complete technical analysis [charts+indicators] | Buy/Sell Oil India | (OIL) share price targets

Complete technical analysis of Oil India (OIL) by charts plus indicators, forecast predictions and share price targets for Oil India (OIL)

Oil India trades in NSE in Exploration & Production sector.

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of Oil India is 6197623

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	565.20	555.00	570.00	544.80	0.575 times
19 Tue Mar 2024	545.70	545.00	559.15	533.35	0.887 times
18 Mon Mar 2024	545.20	548.50	554.05	534.30	0.452 times
15 Fri Mar 2024	555.65	579.50	588.70	513.00	2.788 times
14 Thu Mar 2024	573.15	573.80	590.50	562.00	0.657 times
13 Wed Mar 2024	573.80	618.65	619.35	563.15	0.91 times
12 Tue Mar 2024	612.70	621.50	627.25	603.00	0.765 times
11 Mon Mar 2024	615.35	632.90	643.00	610.50	0.802 times
07 Thu Mar 2024	630.10	636.00	643.55	627.35	0.659 times
06 Wed Mar 2024	633.85	634.00	647.00	618.00	1.049 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 557.8 as stoploss in an intra day buy trade for a target of 586.86. However, stock will show a bearish move below 557.8.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	293.20
Downside Target	305.50
Downside Target	328.30
Downside Target	362.40
Downside Target	406.40
Downside Target	423.05
Downside Target	443.35
Downside Target	513.00
Downside Target	533.35
Downside Target	544.00
Upside Target	570.00
Upside Target	593.90
Upside Target	630.00
Upside Target	643.00
Upside Target	647.00

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	542.37
Downside Intraday Target	519.53
Upside Intraday Target	579.02
Upside Intraday Target	592.83
Downside Intraday Target	556.18

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	565.20	548.50	570.00	533.35	0.323 times
15 Fri Mar 2024	555.65	632.90	643.00	513.00	1.095 times
07 Thu Mar 2024	630.10	594.00	647.00	593.90	1.085 times
02 Sat Mar 2024	592.75	587.35	598.70	544.00	0.684 times
23 Fri Feb 2024	591.60	576.00	630.00	572.85	0.64 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 Oil India (OIL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	565.20	554.35	647.00	513.00	0.49 times
29 Thu Feb 2024	546.55	427.90	630.00	423.05	2.014 times
31 Wed Jan 2024	426.50	373.50	443.35	362.40	0.63 times
29 Fri Dec 2023	372.15	308.00	406.40	305.50	3.417 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 Oil India (OIL)

Price action analysis of Oil India ( (OIL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Oil India ( (OIL) ) 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 Oil India ( (OIL) ) 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 Oil India ( (OIL) ) 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 Oil India stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Oil India in short term but the sell signal is initial and weak.

Oil India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Oil India in short term but BUY signal is weak.

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 Oil India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 581.07 and Oil India (OIL) 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 Oil India (OIL) stock. Volume based technical analysis of Oil India (OIL) stock is negative.

Oil India 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.