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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 2024-11-12 View latest technical analysis

10 day averaged volume of Oil India is 2701647

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	496.65	506.50	511.85	492.70	0.427 times
11 Mon Nov 2024	506.50	505.00	510.85	492.90	0.443 times
08 Fri Nov 2024	508.55	524.55	524.55	501.80	0.933 times
07 Thu Nov 2024	524.55	528.55	535.85	513.15	1.304 times
06 Wed Nov 2024	525.10	503.00	531.20	495.30	2.218 times
05 Tue Nov 2024	495.60	470.00	498.50	467.15	1.435 times
04 Mon Nov 2024	472.30	473.65	476.60	459.05	1.108 times
01 Fri Nov 2024	473.00	471.70	478.25	469.00	0.155 times
31 Thu Oct 2024	471.75	474.00	477.90	462.55	0.922 times
30 Wed Oct 2024	471.20	482.70	487.95	468.60	0.691 times

My analysis of stock is bearish for shortterm, and stock might move down till 479.9 or till 453.9. Use a stoploss of 501.67 and if the stock hits stoploss, then it can shoot up till 523.4

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	459.05
Downside Target	479.35
Downside Target	491.95
Upside Target	511.85
Upside Target	534.65
Upside Target	553.85
Upside Target	568.30
Upside Target	590.95
Upside Target	594.00
Upside Target	734.00
Upside Target	734.70
Upside Target	767.90

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	488.95
Downside Intraday Target	481.25
Upside Intraday Target	508.1
Upside Intraday Target	519.55
Upside Intraday Target	500.4

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	496.65	505.00	511.85	492.70	0.124 times
08 Fri Nov 2024	508.55	473.65	535.85	459.05	1.778 times
01 Fri Nov 2024	473.00	479.60	491.95	462.55	0.754 times
25 Fri Oct 2024	485.35	533.40	534.65	481.95	0.507 times
18 Fri Oct 2024	533.40	588.00	590.95	518.00	1.661 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
12 Tue Nov 2024	496.65	471.70	535.85	459.05	0.241 times
31 Thu Oct 2024	471.75	572.50	594.00	462.55	0.621 times
30 Mon Sep 2024	580.65	725.35	734.70	553.85	0.526 times
30 Fri Aug 2024	741.00	583.40	767.90	568.30	1.342 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Oil India in short term but the buy 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 tired and bears are picking up momentum.

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 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

Although the stock is in the SELL zone, but selling 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 501.03 and Oil India (OIL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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