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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 2024-04-01 View latest technical analysis

10 day averaged volume of Oil India is 5528308

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	591.00	606.30	608.50	582.50	0.773 times
28 Thu Mar 2024	600.25	603.95	611.00	592.20	0.623 times
27 Wed Mar 2024	598.80	611.95	629.80	592.05	1.065 times
26 Tue Mar 2024	611.45	584.40	615.70	578.75	1.003 times
22 Fri Mar 2024	581.75	592.15	595.95	578.75	0.584 times
21 Thu Mar 2024	590.95	568.95	596.60	568.50	0.718 times
20 Wed Mar 2024	565.20	555.00	570.00	544.80	0.645 times
19 Tue Mar 2024	545.70	545.00	559.15	533.35	0.994 times
18 Mon Mar 2024	545.20	548.50	554.05	534.30	0.506 times
15 Fri Mar 2024	555.65	579.50	588.70	513.00	3.125 times

My analysis of stock is bearish for shortterm, and stock might move down till 566.3 or till 534. Use a stoploss of 593.16 and if the stock hits stoploss, then it can shoot up till 620.05

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	305.50
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	578.75
Upside Target	608.50
Upside Target	629.80
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	579.5
Downside Intraday Target	568
Upside Intraday Target	605.5
Upside Intraday Target	620
Upside Intraday Target	594

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	591.00	606.30	608.50	582.50	0.287 times
28 Thu Mar 2024	600.25	584.40	629.80	578.75	0.781 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

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 Oil India (OIL)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	591.00	606.30	608.50	582.50	0.037 times
28 Thu Mar 2024	600.25	554.35	647.00	513.00	0.607 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

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 Oil India (OIL)

Price action analysis of Oil India ( (OIL) ) 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 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Oil India in short term but SELL signal is weak.

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 574.44 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 is giving positive 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.