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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 2024-03-26 View latest technical analysis

10 day averaged volume of Oil India is 5575176

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	611.45	584.40	615.70	578.75	0.995 times
22 Fri Mar 2024	581.75	592.15	595.95	578.75	0.579 times
21 Thu Mar 2024	590.95	568.95	596.60	568.50	0.712 times
20 Wed Mar 2024	565.20	555.00	570.00	544.80	0.639 times
19 Tue Mar 2024	545.70	545.00	559.15	533.35	0.986 times
18 Mon Mar 2024	545.20	548.50	554.05	534.30	0.502 times
15 Fri Mar 2024	555.65	579.50	588.70	513.00	3.099 times
14 Thu Mar 2024	573.15	573.80	590.50	562.00	0.73 times
13 Wed Mar 2024	573.80	618.65	619.35	563.15	1.011 times
12 Tue Mar 2024	612.70	621.50	627.25	603.00	0.851 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 617.3 as stoploss in an intra day sell trade for a target of 588.06. However, stock will show a bullish move above 617.3.

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
Downside Target	578.75
Downside Target	593.90
Upside Target	615.70
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	588.23
Downside Intraday Target	565.02
Upside Intraday Target	625.18
Upside Intraday Target	638.92
Downside Intraday Target	601.97

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	611.45	584.40	615.70	578.75	0.291 times
22 Fri Mar 2024	581.75	548.50	596.60	533.35	0.519 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

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
26 Tue Mar 2024	611.45	554.35	647.00	513.00	0.557 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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

Oil India 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. Bulls are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Oil India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 572.13 and Oil India (OIL) 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 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.